When fund manager AMP Capital secured its qualified foreign institutional investor license in China in 2006, it became the first Australian company to do so. It has since received three quotas totaling $500 million from the regulator and is now preparing for the roll out of its first mutual funds in the country.

AMP announced plans to launch a fund management company in China with China Life Asset Management in September following regulatory changes that allowed insurers to set up fund managers and offer public mutual funds. The joint venture is called China Life AMP Asset Management Company.