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Caixin Global
Caixin Global
Business
Zhang Ziyu

Allianz Seeks Bigger Foothold in China’s $3.9 Trillion Mutual Fund Market

What’s new: Allianz Global Investors GmbH is seeking to set up a wholly owned mutual fund manager in China, as the German financial giant looks to take a bigger foothold in the 27 trillion yuan ($3.9 trillion) market.

The China Securities Regulatory Commission (CSRC) received Allianz’s application on Monday, according to the regulator’s website.

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