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PRU Prudential Plc

779.80
8.40 (1.09%)
Last Updated: 09:30:38
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Prudential Plc LSE:PRU London Ordinary Share GB0007099541 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  8.40 1.09% 779.80 779.60 780.00 781.60 770.00 772.20 521,640 09:30:38
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance 12.19B 1.7B 0.6432 12.04 20.4B

Prudential PLC Gets Chinese License for Private Fund Management Unit

23/10/2018 11:31am

Dow Jones News


Prudential (LSE:PRU)
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By Adam Clark

 

Prudential PLC's (PRU.LN) Asian asset-management arm, Eastspring Investments, has received a license to set up as a private fund manager in China.

Eastspring said Tuesday that the license allows it to offer onshore investment products to high-net-worth individuals and institutional investors in China.

"Our ambitions in China are to serve local Chinese investors, offer Chinese investors the opportunity to invest in Eastspring's global offshore funds, and also provide global investors with the opportunity to invest directly in China via our onshore investment team," Eastspring Chief Executive Guy Strapp said.

Eastspring manages over $182 billion in assets. The company already serves Chinese retail investors via its joint venture with CITIC Group.

 

Write to Adam Clark at adam.clark@dowjones.com

 

(END) Dow Jones Newswires

October 23, 2018 06:16 ET (10:16 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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