A view of the city skyline and Huangpu River in Shanghai, China, on February 24, 2022. REUTERS/Aly Song/File Photo Purchase Licensing Rights权利购买许可权，在新标签页中打开2022年2月24日，中国上海的城市天际线与黄浦江景色。REUTERS/Aly Song/档案照片 购买许可权，在新标签页中打开
HONG KONG, Aug 20 (Reuters) - Fidelity International (FIL) plans to exit its wholly owned China fund unit, two people familiar with the matter said, marking one of the biggest retreats by a global asset manager from the world's second-largest economy.香港，8月20日（路透社）——据两位知情人士透露，富达国际（FIL）计划退出其在华全资公募基金业务。这将成为全球资产管理公司从这一世界第二大经济体撤出的重大举措之一。
Bermuda-headquartered FIL, which manages $1.18 trillion in client assets globally, is weighing a total retreat from its onshore fund unit three years after its launch, according to the two people who spoke on condition of anonymity because the exit plan is not public.总部位于百慕大的富达国际在全球管理着1.18万亿美元的客户资产。据上述两位要求匿名的人士透露，该公司正在权衡在其中国本土基金业务成立三年后进行全面撤出，因为该计划尚未公开。
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A combination of fierce local competition, frequent leadership turnover and chronic struggles to build scale ultimately convinced global FIL executives that the China retail venture was untenable, the people said.消息人士称，激烈的本土竞争、频繁的领导层变动以及在扩大规模方面长期存在的困难，最终使富达国际的全球高管认为其中国零售基金业务不可持续。
The planned departure highlights the growing headwinds for foreign financial firms in China, with squeezed margins hampering expansion since Beijing allowed fully foreign-owned units in 2020, attracting six global asset managers to set up new onshore operations including Fidelity and BlackRock (BLK.N).此次计划中的撤出凸显了外资金融机构在中国面临的日益严峻的挑战。自2020年北京允许设立外商独资公募基金以来，包括富达和贝莱德（BlackRock, BLK.N）在内的六家全球资产管理公司纷纷入局，但在利润空间被压缩的情况下，扩张变得困难重重。
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"China remains an important market for Fidelity International and we continue to believe it offers attractive long-term opportunities both for our business and for investors. There is no change to report on our strategy or market presence," FIL told Reuters in a statement.富达国际在给路透社的一份声明中表示：“中国对富达国际而言依然是一个重要市场，我们始终相信，无论是对我们的业务还是对投资者而言，中国都提供了具有吸引力的长期机遇。我们目前的战略或市场布局没有任何变化。”
Boston-based Fidelity Investments originally set up FIL as its international unit, before spinning it off as an independent business in 1980. Both FIL and Fidelity Investments are chaired by American businesswoman Abigail Johnson.总部位于波士顿的富达投资（Fidelity Investments）最初将富达国际作为其国际业务部门，后于1980年将其分拆为独立实体。富达国际和富达投资均由美国女企业家阿比盖尔·约翰逊（Abigail Johnson）担任董事长。
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It remains unclear how FIL plans to restructure or liquidate its 14 China retail fund products, which hold 4.5 billion yuan ($670 million) in assets. That's well below a target set for 2029, according to a 2024 internal document reviewed by Reuters. The firm believed then that the China unit needed at least $14 billion in assets to be profitable.目前尚不清楚富达国际计划如何重组或清算其在中国发行的14只零售基金产品，这些产品持有45亿元人民币（约合6.7亿美元）的资产。据路透社查阅的一份2024年内部文件显示，这一规模远低于2029年的目标。当时该公司认为，其中国业务至少需要140亿美元的资产才能实现盈利。
FIL assets under management peaked one year after the unit's launch at 6 billion yuan, before dropping 25% from there as of the end of June, the latest reports on its China products show.据中国业务最新报告显示，富达国际在华资产管理规模在业务启动一年后达到60亿元人民币的峰值，随后截至6月底已缩水25%。
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The Shanghai-based unit employs nearly 100 people, according to one of the sources.据其中一位消息人士称，该上海子公司拥有近100名员工。
The China Securities Regulatory Commission told Reuters it has not received any official withdrawal application from FIL.中国证监会向路透社表示，尚未收到富达国际任何正式的退出申请。
Beijing has in recent years pledged承诺 to open its financial markets further to foreign players by rolling out measures to ease ownership barriers across funds, banks and insurance, simplifying licensing and expanding investment scopes.近年来，北京承诺通过放宽基金、银行和保险领域的持股限制、简化审批流程以及扩大投资范围等措施，进一步向外资开放金融市场。
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OTHER ASSET MANAGERS PULL BACK其他资产管理公司的撤退
Any FIL plan to exit its China fund unit would be subject to change and require regulatory approval. The planned exit would, however, represent one of the most prominent retrenchments from China's $5.9 trillion public fund market by a foreign asset manager over the last decade.富达国际退出中国公募基金业务的任何计划都可能发生变化，并需获得监管批准。然而，如果这一撤出计划实施，将成为过去十年中，外资资产管理公司从中国5.9万亿美元的公募基金市场中最引人注目的撤退行动之一。
FIL has so far put $218 million into the unit, the largest among all foreign wholly owned fund houses, topping BlackRock's $215 million, business registration records showed.工商登记记录显示，富达国际迄今已向该子公司投入2.18亿美元，在所有外商独资基金公司中投入金额最高，超过了贝莱德的2.15亿美元。
Just last month, British rival Schroders (SDR.L) became the first foreign manager to exit its wholly owned onshore fund unit — which managed $250 million in local assets — offloading its products剥离其产品 to Neuberger Berman amid scaling struggles, according to announcements from both firms.就在上个月，英国竞争对手施罗德（Schroders, SDR.L）成为首家退出其在华全资公募基金业务的外资公司。据双方公告显示，该公司将其产品转让给了路博迈（Neuberger Berman），此前其管理的本土资产规模为2.5亿美元，在扩大规模方面同样面临困难。
The Schroders move followed earlier pullbacks by other peers, including Legal & General (LGEN.L), which halted its China expansion plans, and Vanguard, which closed its local fund sales joint venture and abandoned plans to enter the mutual fund sector.在施罗德采取行动之前，其他同行也已出现撤退，包括Legal & General（LGEN.L）叫停了其在华扩张计划，以及先锋领航（Vanguard）关闭了其在华合资基金销售公司并放弃了进入中国公募基金市场的计划。
Any FIL exit from China's onshore mutual fund market would cap a broader, gradual pullback in China, an economy which lost momentum动力减弱 at the start of the second half of this year on weaker industrial output and consumption.如果富达国际退出中国的公募基金市场，将标志着其在华业务出现更广泛、渐进式的收缩。受工业产出和消费疲软影响，中国经济在今年下半年伊始已显现动力不足。
FIL cut裁减 about 500 positions at its Dalian technology and operations centre in late 2024 over data concerns, having already cut 16% of the local fund management staff earlier that year amid sluggish growth and cost pressures.由于数据担忧，富达国际在2024年底裁减了其大连技术与运营中心约500个岗位，而在此前一年，受增长乏力和成本压力影响，该公司已裁减了16%的本土基金管理人员。
The China fund management business has experienced rapid leadership churn领导层动荡 since its inception five years ago, cycling through four board chairmen and three chief executives.自五年前成立以来，其中国基金管理业务经历了频繁的领导层变动，已更换了四任董事长和三任首席执行官。
($1 = 6.7372 yuan)（1美元 = 6.7372元人民币）
(This story has been corrected to say FIL is headquartered in Bermuda, not London, in paragraph 2)（本文第二段已更正，指出富达国际总部位于百慕大，而非伦敦）
Reporting by Selena Li; Editing by Tom Hogue报道：Selena Li；编辑：Tom Hogue
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