China’s first JV fund house eyes Hong Kong rollout
China Merchants Fund aims to build a Hong Kong business organically or via acquisition in a drive to expand its international business, which makes up just 1% of assets overall.
China’s first joint-venture fund house is looking to roll out in Hong Kong this year in an organic build-out or via acquisition to catch up with peers in RQFII and broaden its international reach.
China Merchants Fund (CMF) was established in 2002 with shareholders China Merchants Bank (33.4%), China Merchants Securities (33.3%) and ING Investment Management (33.3%).
It started its international business in 2009 after obtaining a qualified domestic institutional investor (QDII) …
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