International Financial Institutions Expand Presence in...
China News
May 29, 2024
Recent developments indicate a surge in the expansion efforts of international financial institutions in China. Mastercard, a U.S.-based bank card clearing institution, inaugurated its joint venture with Mastercard NetsUnion Information Technology in Beijing this month. Similarly, Allianz Global Investors, a German asset management firm, commenced operations of its wholly foreign-owned public fund management business in Shanghai, with plans to introduce its inaugural mutual fund.