Invesco stresses onshore focus as China opens further

Invesco’s focus for its new private fund business in China will be to offer products to institutions that invest in mainland assets, a spokesman told AsianInvestor on Friday, after the US fund house and Hong Kong rival Value Partners unveiled freshly acquired private fund management (PFM) licences. This came as the Chinese market opened further last week. On Friday Beijing announced the removal of foreign-ownership limits on mainland banks and the raising of the cap on foreign own…