Vanguard Sets Up Shop in China

By

Vanguard has an office in the Shanghai World Financial Center in China.

Vanguard is sailing full speed ahead into the newly-opened China investment market.

The Malvern-based mutual fund giant opened an office last week in the Shanghai World Financial Center, according to a Bloomberg report.

Initial staffing in Vanguard’s nearly 14,000 square feet of space in Shanghai is expected to be tripled over the remainder of the year, to 15 or more.


[uam_ad id=”58459″]

Advertisement

“There is anticipation that we are going to grow fairly quickly,” said CEO Bill McNabb.

Vanguard and other financial leaders are rushing into China despite the country’s debt risks and a recent Moody’s credit downgrade.

“If you think the economy will eventually weather this, this is still a vibrant economy versus other parts of the world,” McNabb said. “There is increased scrutiny about what’s going on. But people are looking into figuring out how to make longer-term investment.”

Read more about Vanguard in China from Bloomberg here, and check out previous VISTA Today coverage of the local company here.

[uam_ad id=”58462″]

Connect With Your Community

Subscribe to stay informed!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Advertisement
Creative Capital logo