The 50-50 joint venture, which will be named Standard PoorÆsCITIC Index Service, formalises an existing relationship between the groups.
According to SP, the new joint venture ôwill develop new and innovative indices to meet the changing needs of domestic and international investors, and will promote financial innovation and global participation in ChinaÆs equities and fixed income marketö.
SP president Kathleen Corbet says ôWith ChinaÆs rapid integration into the global financial markets, we expect increasing demand for innovative Chinese investment...
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