Schroders gets nod to become 3rd foreign-controlled wealth management venture in China

Schroders gets nod to become 3rd foreign-controlled wealth management venture in China

A Schroders sign is seen outside a building in the City of London March 22, 2013. REUTERS/Toby Melville

China’s regulators have given the go-ahead for the country’s third foreign-controlled wealth management joint venture as the government builds on its pledge to open up the rapidly growing financial sector to overseas investment.