ING discusses its new China asset management MOU
ING Investment Management hopes its agreement with China Communication Securities will result in a long-term relationship.
On 16 October, ING Investment Management and Shenzhen-based China Communications Securities (CCS) signed a technical cooperation agreement for the establishment of a new fund management company in China. Chris Ryan, ING's regional director for North Asia, explains.FinanceAsia: Who owns CCS?Chris Ryan: It's partially owned by China Merchants Bank. Other parts of ING's business have exposure to the bank but we have no other business arrangements.What do you hope to get out of this relat…
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