China greenlights cross-border funds for Fidelity and JPMorgan AM – report

Chinese authorities have granted permission to Fidelity International and JPMorgan Asset Management to distribute funds on the mainland under the Mutual Recognition of Funds (MRF) scheme, reported Reuters citing local media. Fidelity International received approval to sell its Global Investment Fund - Hong Kong Bond Fund to investors in mainland China. The company noted that this would provide mainland clients with additional access to global investment opportunities, the news publication added. JPMorg ...