Earlier this month, the Canadian giant became the first financial institution to secure an investment company wholly foreign-owned enterprise (WFOE) licence in China, which allows it to launch investment products on the mainland via a wholly-owned local subsidiary.
"We have investment products that are manufactured around the world, allowing people access to global investment opportunities, and we`ll be able to sell them to qualified institutional investors here in China," CEO Donald Guloien told CNBC at the China Development Forum in Beijing.
Even as leading experts worry over China`s economic problems like high levels of leverage and debt, Guloien said he remains confident.
Many local investors are trying to internationally diversify, he said, so there`s healthy demand for those products, which will cover everything from equities to fixed income to agriculture.
As Chinese investors look to diversify their holdings, Manulife could benefit.
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