PacificInvestment Management Co. LLC is working to create an onshorepresence in China by 2018, Bloomberg News reported.
Eric Mogelof, head of Asia Pacific at PIMCO, reportedly saidrecent regulatory changes have prompted the move.
PIMCO is not alone in its efforts to expand in anincreasingly affluent Asia. In March, Bridgewater Associates LP an investment managementunit in Shanghai.