Fidelity gets Chinese regulatory approval for retail fund business

Fidelity gets Chinese regulatory approval for retail fund business

FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo

Fidelity International (FIL) has secured Chinese regulatory approval to conduct business in China’s $3.7 trillion mutual fund industry.