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Hang Seng Bank wins landmark China JV approval

Toby Yiu
The bank will hold a 70% stake in, and has chosen a chief for, the first foreign-majority-owned joint-venture fund house in China, as offshore players mull how best to access mainland clients.
Hang Seng Bank wins landmark China JV approval

Hong Kong’s Hang Seng Bank has won approval to set up the first Sino-foreign majority-owned joint-venture fund house, amid uncertainty among offshore firms over the best way to access mainland clients.

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