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Standard Life Aberdeen unit secures registration in China

Standard Life Aberdeen Plc unit Aberdeen Standard Investments secured registration as a private securities investment fund manager in the Asset Management Association of China.

The registration will allow Aberdeen Asset Management (Shanghai) Co. Ltd, Aberdeen Standard Investments' wholly foreign-owned enterprise, or WFOE, to create and sell onshore private securities investment funds to institutional and wealthy investors in the country.

In 2015, the company became one of the first WFOEs to offer onshore investment management services in Shanghai.