Rules hamper China's financial sector opening
Language barrier, lower salaries also make it hard to recruit foreign senior executives to work in China
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Hong Kong
IN the last two years, more than 30 global asset managers have been awarded licences to set up wholly-owned units in China as they sought a share of the country's US$1.5 trillion private fund management market.
Yet only about six of those asset managers - a group that includes the likes of Aberdeen Standard Investments, Invesco and Vanguard - have so far managed to come closer to getting their first funds off the ground.
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