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Article: AIG, HUATAI APPROVED TO LAUNCH FUND MANAGEMENT JV IN CHINA.
- Article from:
- AsiaPulse News
- Article date:
- July 19, 2004
CopyrightCOPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, July 19 Asia Pulse - AIG-Huatai Fund Management Co., Ltd., a joint venture of Huatai Securities, a subsidiary of AIG and several other partners, has been approved by the China Securities Regulatory Commission (CSRC) to prepare for establishment.
The joint venture is registered in Shanghai with a registered capital of 100 million yuan (US$12.1 million).
AIG's subsidiary AIGGIC and Huatai Securities Co., Ltd. respectively hold a 33 per cent stake in the joint ...