Rules hamper China's financial sector opening
Language barrier, lower salaries also make it hard to recruit foreign senior executives to work in China
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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