Fund JVs could follow SocGen’s mooted China exit
The French group’s reported move to exit its mainland fund joint venture comes as other foreign shareholders review their onshore build-outs amid rising China risks.
Societe Generale’s reported departure from its mainland fund joint venture appears to be down to a strategic shift by the French financial group. But it could be followed by other foreign firms exiting their JVs too, as China’s economy slows and its fund industry opens.
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