Pru enters China

Prumerica and Everbright receive approval to establish a fund management JV in China.

Everbright Securities and Prumerica Financial have announced that they have received approval from the China Securities Regulatory Commission CSRC to establish a joint venture fund management company in the People's Republic of China PRC.

Everbright Securities is a member of the China Everbright Group, one of China's leading financial services groups, while Prumerica is the brand name used in China and selected markets outside the United States by Prudential Financial.  Prumerica Financial will invest in the joint venture through its subsidiary, Prudential Investment Management.

The new company, Everbright-Prumerica Fund Management, will be based in Shanghai and have registered capital of RMB100 million. Everbright Securities will initially own 67%...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222