Mutual recognition to put JV relationships to the test
Foreign managers with a joint venture in China are likely to leverage the partnerships to their advantage under mutual recognition. But analysts say the quality of the cross-border relationships will be tested.
Fund managers which have joint ventures in China could be among the biggest beneficiaries of the upcoming mutual recognition scheme, it has emerged.
But with the Sino-foreign partnerships likely to be first-movers when the cross-border link goes live in July, the quality of their relationships could be tested, analysts say.
Another group tipped to successfully exploit mutual recognition includes fund managers which have banking relationships in mainland China.
Shanghai-based c…
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