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.
Business & FinanceDeals
HSBC reaches deal to buy out China fund partner
08 May 2023, 7:19 pm 1 minute
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.
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story