KBC could be first foreign firm to exit China's FM industry

Feb 13, 2011

The Belgian firm is looking to offload its 49% stake in a joint venture with Goldstate, potentially setting a floor price for the sale of Chinese FMC stakes, notes Z-Ben Advisors.

Belgian bancassurance group KBC could become the first foreign firm to exit China’s fund management industry amid reports it is seeking to offload its 49% stake in KBC Goldstate.

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