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US$425B Chinese asset manager seeks to launch Singapore unit

E Fund, China’s largest mutual fund with RMB2.7 trillion (US$425 billion) in AUM, is waiting for approval from Singapore’s regulator for a licence to operate an asset management business in the city, people familiar with the matter told Asian Private Banker. The new offshore unit, which the company hopes to kick off in the second half of 2022, will seek…

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