Vanguard Group suspends plans to pursue fund management company license in China

  • 3/15/2021
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(Reuters) - Top mutual fund manager Vanguard Group has suspended plans to pursue a fund management company license in China, it said late on Monday. The shift will lead to a small number of jobs being eliminated, the Wall Street Journal had reported earlier. Vanguard is focusing its China strategy on a joint venture with financial technology firm Ant Group Co, it said in a statement.

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