HSBC may form funds JV with BoComm

Questions abound about strategy as HSBC enters its second mainland China funds joint venture.

The funds management industry in China is roiled with rumours that HSBC is going to announce a funds joint venture with Shanghai-based Bank of Communications.

HSBC negotiated a 20% stake in BoComm, the nation's fifth largest lender and its biggest private bank, this summer at the same time as HSBC Asset Management was looking for a local partner to launch a funds operation. HSBC AM had been on the hunt ever since Blair Pickerell had...

To continue reading, please login or register for free

Click for more on: hsbc | may | form | funds | jv | bocomm

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...