(Bloomberg) -- AllianceBernstein Hong Kong Limited has applied to set up a mutual fund company in China, the country’s top securities regulator said on its website.
The China Securities Regulatory Commission received the application from the Hong Kong-based investment-management company on Nov. 12, it said.
In August, BlackRock Financial Management, Inc. became the first foreign business to receive approval from the commission when it got the go-ahead to set up a wholly-owned mutual fund management company.
