China Securities seeks funds JV partner

One of China''s top securities firms is looking for a foreign partner to help launch a fund management business.

Beijing-based China Securities is searching for a foreign partner to create a joint venture in asset management. It is looking for a long-term partner that would be willing to share management responsibility for a funds JV, as well as expertise, allowing the firm to boost its overall competitive advantage, says Jeffrey Tang, deputy general manager of the international business division in Shanghai.

We have had discussions with some US companies, but they were very aggressive and wanted...

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