The signing of the Memorandum of Understanding (MoU) in Beijing last week has been described by the IFIA as a “positive step in promoting better understanding between the respective industries in China and Ireland”.
Chief executive of the IFIA, Pat Lardner, said the agreement “serves as confirmation of the increasing interest that investors around the world have in gaining access to Chinese investment opportunities”.
He added: “It also recognises the role in which global fund domiciles like Ireland can play in supporting the internationalisation of Renminbi, and Chinese Asset Managers.”
Lardner added that the MoU demonstrates the increasing globalisation of the international asset management and investment fund industries.
The key aspects included in the pact are designed to promote the exchange of information and mutual assistance in all sectors of the asset management industry, taking advantage of the development opportunities to benefit the two industries.
Lardner said: “The MoU provides both a solid foundation and a tangible force to build long term and strategic links between ourselves and our colleagues in China.”
