Recently, it was reported that Fidelity International is considering withdrawing from its wholly-owned public fund company in China. The relevant arrangements are still under discussion and are subject to regulatory approval. In response, Fidelity International said that Fidelity International still regards China as an important market and has always believed that China is an attractive long-term opportunity for both its business and investors. There are currently no changes to the strategy or market layout that need to be reported. Fidelity International said the company is committed to bringing the best global and local investment capabilities to Chinese investors, including cross-border investment solutions recently issued under the mutual recognition mechanism between Mainland and Hong Kong funds. According to public information, Fidelity Fund Management Co., Ltd. was approved to carry out public fund management business in December 2022, and Fidelity International is an indirect wholly-owned shareholder. At the end of July this year, Fidelity Funds also announced that its first mainland mutual recognition fund was approved and officially launched on August 10.

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