Some wholly foreign‑owned publicly offered mutual fund companies in China are
preparing to apply for investment‑advisory pilot qualifications, industry
sources say; filings are at an early materials stage and there is no timetable.
In June at the 2026 Lujiazui Forum CSRC chairman Wu Qing said regulators support
foreign capital establishing wholly foreign‑owned or joint securities, fund and
futures firms in China and encourage licensed foreign institutions to
participate in expanded fund‑advisory pilots. Foreign participants say China’s
asset‑management sector remains product‑sales driven and professional advisory
is nascent; they contend moving advisory from product‑selling to an
account‑centric, life‑cycle model could substantially improve investor fund
ownership experience and that foreign firms may bring more developed advisory
management expertise.
