CLSA and Shanghai Guosheng to launch renminbi fund in China

CLSA and Shanghai Gosheng have reached an in-principle agreement to establish a joint venture asset management company as a platform to launch a domestic renminbi-denominated investment fund in the Shanghai Pudong International Financial Centre region. The tentative name of the JV is Guosheng CLSA (Shanghai) Industrial Management Co Ltd. There is currently no name for the fund. The collaboration, which was announced at the signing of a memorandum of understanding in Shanghai yesterd…