Manulife nails first China investment WFOE

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Manulife nails first China investment WFOE

shanghai buildings_230px
Shanghai Skyline with its newly built iconic skyscrapers. | Roland Nagy/fazon - Fotolia

Canada-based asset manager Manulife became the first foreign investor to obtain its investment wholly foreign-owned entity (WFOE) licence on March 15, the firm said in a statement.

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