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US giant the Depositary Trust & Clearing Corporation has claimed its post-trade processing platform Omgeo can now help foreign institutional investors provide local private fund manager services in China.
The DTCC said in a statement fund manager Chinese Southern has used the Omgeo CTM platform to enable cross-border trading following the launch of its first international investment fund.
The DTCC statement comes after the Asset Management Association of China (AMAC) unveiled new rules on June 30 2016, which allow wholly foreign-owned enterprises (WFOEs)...