ABN AMRO, Chang Sheng to partner

ABN AMRO Asset Management joins the race for ChinaÆs open-ended mutual fund business.

And then there were three the number of the original 10 Chinese mutual fund companies that have yet to publicly announce a strategic partnership with a foreign fund manager. Such deals are becoming necessary in the lead-up to Chinas entry to the World Trade Organization and creation of new mutual fund products.

Until now, these wallflowers also included Chang Sheng Fund Management. But over the next three weeks, ABN AMRO Asset Management intends to officially announce that the two have forged an alliance. Since the bank will be holding a press conference in June, however, officials are willing to confirm the tie-up, but remain unwilling to go into details.

But...

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