Mellon, which owns the Dreyfus mutual funds, hopes to apply for a Qualified Foreign Institutional Investor license before the end of this year, which would allow it to invest in China’s A-share and bond markets.
The company is also looking for partners for a fund management venture and plans to file an application to invest Chinese clients’ money overseas under the mainland’s Qualified Domestic Institutional Investor scheme.
Mellon, which manages about $918 billion globally, has $5 billion invested in China.
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