Aberdeen is planning to launch a China A Share fund after becoming the latest asset manager to be awarded a licence to invest in the closely-guarded Chinese market.
Aberdeen was awarded the Renminbi Qualified Foreign Institutional Investor (RQFII) status in August.
The licence allows the firm to invest a limited sum in China’s A share market and the firm will be told its total allowance in November.
It then plans to launch a new fund to tap into the market, though it will initially only be marketed towards institutions such as private banks and discretionary fund managers in Europe.
Aberdeen said the new fund would reflect its changing view of the Chinese equity market.
It had previously mainly accessed the Chinese markets through Hong Kong companies and other non-mainland China companies.
But it said recently more and more mainland China companies whose “business clarity and governance structures meet its quality thresholds” and the new A Share fund will reflect this changing view.
