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Taiping-Ashmore deal underlines China mutual fund challenges

Toby Yiu
Having acquired joint-venture investment firm Ashmore-CCSC, China's Taiping faces a tough task building scale in the fiercely competitive mainland mutual fund business.
Taiping-Ashmore deal underlines China mutual fund challenges

The recent purchase by Taiping Asset Management of a majority stake in struggling joint venture Ashmore-CCSC Fund Management reflects both the growing proliferation of Chinese insurers entering the mutual fund industry and the challenges they face in doing so.

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