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Foreign asset managers gear up to raise money in volatile China

Fidelity International and Neuberger Berman make new regulatory filings

Fidelity and Neuberger are seeking to tap the Chinese market at a difficult time -- China's asset management business grew last year at the slowest pace since 2013. (Source photos by Reuters and screenshot from Fidelity International and Neuberger Berman's websites) 

HONG KONG -- Foreign asset managers Fidelity International and Neuberger Berman have made new regulatory filings in their push to sell retail mutual funds in China, even as recent market volatility complicates efforts to raise money from mainland investors.

Fidelity International, a Bermuda-headquartered company that was spun off from US-based Fidelity Investments, asked the China Securities Regulatory Commission this month for permission to roll out an equities fund, while US-based Neuberger sought approval in late December for a bond vehicle, official records show.

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