Allianz Dresdner outlines next step in China funds JV

Chiang Hsien's business card indicates he works for "Guotai Junan Allianz Fund Management Co., Ltd. (Preparatory)". It's the last word that says the most. Chiang is the CEO-in-waiting for China's first approved Sino-foreign fund management joint venture company, but the license just granted by the regulators is not to conduct business. It is approval to set up the infrastructure and personnel for a business, subject to further approval by the China Securities Regulatory Commission.