Man Group said it had successfully registered with the Asset Management Association of China (AMAC) as a private securities investment fund manager and received a Private Securities Investment Fund Manager (PFM) license.

The PFM license has been granted to Man Investment Management (Shanghai) Co, Ltd, a Wholly Foreign-Owned Enterprise (WFOE) incorporated in Huangpu District, Shanghai, it said.

"We strongly believe that there has been a growing appetite from the Chinese institutional investment community for the products we will offer under the new license," Man Group Chief Executive Luke Ellis said.

(Reporting by Simon Jessop)