Global investment firm, T. Rowe Price, has opened its first office in mainland China, a research office in Shanghai’s free trade zone.
The launch of T. Rowe Price Investment Consulting (Shanghai) follows the award of a licence to set up a wholly foreign-owned enterprise (WFOE) in December 2020.
The new office will focus on Chinese equity research rather than fundraising or distribution and will employ local analysts in order to boost the firm’s global research platform.
It will be led by Dai Wang, a Chinese national, who has worked for T. Rowe Price as an equity analyst since 2014 covering Chinese stocks in both Hong Kong and the US.
T. Rowe Price is one of a number of global investment firms to set up in China following the 2020 decision of Chinese authorities to award WFOE licences.
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