People familiar with the matter revealed that Fidelity International is preparing to launch some products to attract mainland investors seeking higher returns from overseas funds. People familiar with the matter said that the global asset management company is considering seeking approval of its products under a decade-old mutual fund recognition mechanism. People familiar with the matter also added that the company also plans to cooperate with its China Mutual Fund Company to develop domestic distribution business. Another person familiar with the matter said that BlackRock is also drawing up a similar plan. A Fidelity International spokesperson said the company is exploring “multiple opportunities across asset classes” in the mutual recognition mechanism of funds.

People familiar with the matter revealed that Fidelity International is preparing to launch some products to attract mainland investors seeking higher returns from overseas funds. People familiar with the matter said that the global asset management company is considering seeking approval of its products under a decade-old mutual fund recognition mechanism. People familiar with the matter also added that the company also plans to cooperate with its China Mutual Fund Company to develop domestic distribution business. Another person familiar with the matter said that BlackRock is also drawing up a similar plan. A Fidelity International spokesperson said the company is exploring “multiple opportunities across asset classes” in the mutual recognition mechanism of funds.