The trick to dealing in China is the huge cost involved. Far more resources must be spent than in other Asian markets to establish and launch products, and profitability is years away. The regulators will ultimately allow only a managed oligarchy of foreigners to operate in China, and Schroders is determined to be among the in crowd. Because the regulators are so stingy about handing out SITE licenses, Schroders wants to buy one. It's not a done deal yet, however.
Due diligence continues.
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