FactSet to offer its data and analytic solutions to the growing number of investors and investment managers in China who seek better tools to aid them in their investment.

FactSet Research Systems Inc. opened its Shanghai office on May 31. The office is located in Bank of East Asia Tower in Shanghai’s financial district, Lujiazhui, Pudong. A networking event will be hosted in Shanghai by FactSet CEO Phil Snow on Jun 12, to mark the new opening.

FactSet has been working with the Chinese investment community since 1996. Alan Bettridge, senior vice president, director of sales at FactSet Asia Pacific region, stated, “China is an important and fast-growing market for FactSet and establishing a local office in Shanghai is the next step in scaling up our business to meet the demand of our local clients.”  “Our new Shanghai office will enable us to strengthen our local support, tailor our products and services to the needs of the local market, and further expand our relationships with our clients in China”, he added.

Source: Zacks