Hang Seng Bank wins landmark China JV approval
The bank will hold a 70% stake in, and has chosen a chief for, the first foreign-majority-owned joint-venture fund house in China, as offshore players mull how best to access mainland clients.
Hong Kong’s Hang Seng Bank has won approval to set up the first Sino-foreign majority-owned joint-venture fund house, amid uncertainty among offshore firms over the best way to access mainland clients.
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