Bloomberg TV

China’s $30 Trillion Market Promise Beckons Global Wealth Firms

Apr.01 — China’s trillion dollar asset-management market opens wider this week, forcing global firms to make a strategic decision: Go it alone or work with an entrenched local partner. Starting April 1, money managers can apply for licenses to set up wholly-owned mutual fund firms for the first time. Thomas Fang, had of China global markets and Qualified Foreign Institutional Investor, shares his views on "Bloomberg Markets."