CHINA/ NETHERLANDS/BELGIUM - Haitong Securities, one of the largest securities companies in China, and Fortis Investment Management (FIM) have received a licence from the China Securities Regulatory Commission to set up a joint venture, Fortis Haitong Investment Management.
FIM will initially own 33%, rising to 49% after three years of operation. Fortis Haitong Investment Management will offer mutual funds investing in the local A-share market to Chinese investors.
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
