Schroders sets up China branches, others mull similar moves

Schroder Investment Management has set up shop in the Shanghai free-trade zone (FTZ) and Beijing in a bid to capture opportunities in China’s funds industry. And as many as 15 more are making similar moves or considering doing so, a banker told AsianInvestor. The UK firm established a wholly foreign-owned enterprise (WFOE), Schroder Investment Management Advisory (Shanghai), in late December, and the WFOE in turn set up a subsidiary in Beijing on February 27. The aim is to strengt…