AllianceBernstein gets green light to set up fund unit in China

Alliancebernstein Holding LP

03/03/2023 12:23

HONG KONG, March 3 (Reuters) - China's securities
regulator said on Friday it has approved AllianceBernstein Hong
Kong Ltd to set up a wholly-owned mutual fund unit in Shanghai.
    The fund management unit will have a registered capital of
100 million yuan ($14.5 million), the China Securities
Regulatory Commission said in a statement on its website.


($1 = 6.9048 Chinese yuan renminbi)

 (Reporting by Twinnie Siu and Meg Shen)
 ((meg.shen@thomsonreuters.com; 852-39525805;))