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Hang Seng to launch China funds JV with majority stake

Toby Yiu
The Hong Kong bank plans to set up a joint venture funds company with majority control in Shenzhen’s Qianhai zone. It would be the first such mainland JV and a significant milestone in China’s funds liberalisation.
Hang Seng to launch China funds JV with majority stake

Hang Seng Bank is to set up a majority-owned joint venture fund management firm in Shenzhen’s Qianhai economic zone, becoming the first offshore institution to gain a controlling stake in mainland China.

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