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Business & FinanceDeals
08 May 2023, 7:19 pm 1 minute
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.Â
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
