Minsheng and RBC formed US$28 million joint venture
Date:
May 2008
Keywords (click to search): [Baker & McKenzie] [Yuan Tai Law Offices]
Shanghai-listed China Minsheng Banking has formed a funds management company joint venture with Canada’s largest bank, the Royal Bank of Canada (RBC) and Three Gorges Financial. The deal was approved by China Banking Regulatory Commission with Minsheng holding 60% and RBC 30%, while Three Gorges holds the remaining 10%.
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