On heels of UTI deal, T Rowe Price mulls China AMC deal

Jan 21, 2010

Todd Ruppert outlines his roadmap for T Rowe PriceÆs expansion in Asia, following the firm's acquisition this week of a 26% stake in India's UTI Asset Management.

Citic Securities is under regulator's orders to reduce its 100% stake in Beijing-based China Asset Management (China AMC) to 49% or below by April. The China Securities Regulatory Commission gave China AMC a final warning to that effect on December 31 and will freeze approvals for new fund-raising efforts by the asset manager until it happens.

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