JPMorgan could become the first foreign company to own a majority stake in its C...
HONG KONG - JPMorgan could become the first foreign company to own a majority stake in its Chinese mutual fund business, after its joint venture partner put a crucial 2 percent of the business up for sale that analysts expect the Wall Street bank to lap up.
Under new rules announced in late 2017, foreign asset managers can own up to 51 percent of their Chinese mutual fund joint ventures, though, so far, no company has managed to do so. “This is a very, very critical step because this potentially could open the doorway for a number of other deals to begin working their way through the process,” said Peter Alexander, founder and managing director of fund consultancy Z-Ben Advisors.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Cramer Remix: China needs us more than we need ChinaJim Cramer explains how the United States has the upper hand in trade negotiations with our stronger, cash fueled economy.
Weiterlesen »
US Navy destroyers sail near disputed islands claimed by China in South China SeaTwo U.S. guided missile destroyers sailed near disputed islands claimed by China in the South China Sea on Monday, the U.S. Navy says in a statement.
Weiterlesen »
Huawei Has Taken Over Apple's Market Share In China; It Will Get WorseWait until Hauwei launches its own operating system. Then even Google will have a new rival.
Weiterlesen »
Venture capital flows between China and the US surpass direct investment for the first timeVenture capital flows between the U.S. and China topped completed two-way foreign direct investment for the first time last year, according to a research initiative led by Rhodium Group and the National Committee on U.S.-China Relations.
Weiterlesen »
Asian shares trade sideways as investors await fresh cuesAsian markets marked time on Thursday with two major centers - Japan and China -...
Weiterlesen »
Asian shares flatline after Fed's neutral messageAsian markets marked time on Thursday with two major centers - Japan and China -...
Weiterlesen »
“Avengers: Endgame” has been an unusual hit in ChinaThough Hollywood had a respectable 2018 worldwide, revenues in China for imported films were down year-on-year
Weiterlesen »