CHINA - UBS and the State Development Investment Corporation (SDIC) are set to launch a new funds management company in China as part of a push to become a leading asset manager in the region.
Subject to approval by the China Securities Regulatory Commission (CRSC), the two firms will form a funds management firm through the purchase by UBS of a 49% stake in Shenzhen-based China Dragon Fund...
CHINA - The head of the IMF pleaded with China to support the eurozone as she warned the global economy is heading for a "lost decade".
CHINA - Schroders head of Asia ex-Japan equities, Robin Parbrook, has poured scorn on returns made by investors in China in the last two decades, and warned the country still faces major challenges.
China is considering launching a new retirement savings programme similar to US 401k plans, the country's state media has reported.
CHINA - Li Keping, vice chairman for the National Council for Social Security Fund, will leave the fund to join the China Investment Corporation as chief investment officer.
CHINA - Chinese growth raced ahead 9.7% in the first quarter of 2011, while inflation hit its highest level since 2008.