HSBC Asset Management (Hong Kong) Ltd is continuing to explore ways of gaining a foothold in the Chinese local fund management market, the firm's chief executive, Blair Pickerell, revealed this week.
According to Pickerell, the company has been investigating various options in recent months including the establishment of partnerships and joint ventures with several securities and trust companies on the mainland, though the firm has yet to confirm any deals since terminating negotiations with Shenzen-based China Southern Fund Management last year.
Pickerell stressed in a Dow Jones report however, that HSBC Asset Management is not keen on the idea of buying into existing firms. "It is much more likely that we will do it by starting from scratch rather than by acquiring a stake in an existing fund management company. We have ongoing talks, we have been working on these possibilities for quite some time," Dow Jones quoted the chief executive as saying.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment