T. Rowe Price Group has opened an investment research office in Shanghai, following the establishment of a wholly foreign-owned enterprise in China.
The office is in Shanghai’s free-trade zone and is intended to “expand and deepen T. Rowe Price’s research coverage of China’s rapidly growing investment universe,” the company said in a release.
The company already has an office in Hong Kong and says it has invested $4.8 billion in securities listed in Mainland China and $36.9 billion in Chinese securities listed on offshore exchanges.
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