OREANDA-NEWS. December 22, 2014. BNP Paribas Investment Partners, the asset management arm of BNP Paribas, announced the opening of BNP Paribas Investment Advisory (Shanghai) Co. Ltd. The company was registered in the Shanghai Free Trade Zone in April 2014 under the Wholly Foreign Owned Enterprise (WFOE) scheme.

BNP Paribas Investment Advisory (Shanghai) Co. Ltd. is the chosen vehicle to introduce BNP Paribas Investment Partners’ investment capabilities to China’s institutional investors. Through this initiative, BNP Paribas Investment Partners has further expanded its presence in China, in addition to its joint-venture HFT Investment Management. It is also looking forward to seeing its WFOE facilitate the tremendous growth opportunities offered by the progressive liberalization of the RMB and economic and financial integration with the global financial system, at both country- and corporate-level.

Vincent Camerlynck, CEO Asia Pacific, BNP Paribas Investment Partners, said: “The opening of BNP Paribas Investment Advisory (Shanghai) Co. Ltd. further broadens our franchise in China and reaffirms BNP Paribas’ commitment to this growth market. It complements our established partnership, HFT Investment Management, which has blossomed into a USD20bn asset under management business over the last decade.”

Tan-Feng Cheng, Head of Greater China Business, BNP Paribas Investment Partners, added: “The WFOE will allow us to introduce BNP Paribas Investment Partners’ global network and its innovative investment solutions, to meet the growing demands of onshore clients in an increasingly borderless marketplace. We are confident to leverage these new opportunities and look forward to its success.”

BNP Paribas Investment Partners has an extensive footprint in Asia Pacific & Emerging Markets with a presence in 17 countries, encompassing Asia Pacific to Turkey and Latin America.