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CLSA and Shanghai Guosheng to launch renminbi fund in China

CLSA and Shanghai Guosheng Group agree to create a joint venture to launch a renminbi-denominated investment fund in China focusing on Shanghai.

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.

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