Huaxia Bank forms JV fund management company

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Huaxia Bank has formed a Rmb250 million fund management company joint venture with London-based F&C Asset Management. The Beijing-based, Shanghai-listed…

Huaxia Bank has formed a Rmb250 million fund management company joint venture with London-based F&C Asset Management.

The Beijing-based, Shanghai-listed lender will own 70.5% of the venture with F&C holding 19.5%. The remaining share is expected to be held by a Chinese state-owned company.

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