Hong Kong-based Value Partners' CEO sees its purchase of a stake in the Chinese fund house as a springboard for its mainland business, but acknowledges the challenges it faces.
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Negative Chinese stock-market performance has hurt domestic mutual-fund returns, with not a single mainland asset manager making a profit in the second quarter.
The Chinese joint-venture fund management company has appointed Zhang Jiabin to replace Yi Qiang as general manager after a period of underperformance.