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HSBC reaches deal to buy out China fund partner – Reuters News Agency


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Business & FinanceDeals

Reuters exclusively revealed that HSBC (HSBA.L) has agreed to buy out its China fund management joint venture partner as the Asia-focused bank pushes ahead with expansion in the world’s second-largest economy.

Market Impact

HSBC, which currently owns a 49% stake in HSBC Jintrust Fund Management, has signed an agreement with Shanxi Trust under which the Chinese state-owned company will sell its 51% holding in the joint venture to the bank. 

Article Tags

Topics of Interest: Business & FinanceDeals

Type: Reuters Best

Sectors: Business & Finance

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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