On January 2, AllianceBernstein Group announced that its wholly foreign-owned enterprise, AllianceBernstein, has obtained the "Business License" issued by the China Securities Regulatory Commission (CSRC) and has become one of the global asset management companies that carry out public offering business in China.
AllianceBernstein** said that in the future, it will provide domestic investment products and solutions for Chinese investors to help explore investment opportunities in China's local market. For example, in terms of investment, AllianceBernstein will continue to use the "quantitative fundamentals" investment strategy to capture attractive value investment opportunities. AllianceBernstein has been deeply involved in the Chinese market for more than 25 years. As of November 30, 2023, AllianceBernstein had $696 billion in assets under management worldwide.
Ajai Kaul, Chief Executive Officer of AllianceBernstein Asia Pacific and Chairman of AllianceBernstein**, said: "We are very pleased to have been granted a public offering license and become one of the wholly foreign-owned public offering companies doing business in China. China's asset management industry is dynamic, and AllianceBernstein will leverage its more than 56 years of global asset management experience to contribute to the vigorous development of the industry and help more Chinese investors achieve their wealth goals. (Surging News reporter Sun Mingwei).
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