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Article: Sino-US fund management company on the way
- Article from:
- Xinhua News Agency
- Article date:
- July 19, 2004
CopyrightCopyright 2004 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Sino-US fund management company on the way
BEIJING, July 19 (Xinhua)-- AIG Global Investment corp. (AIGGIC) ,
the investment arm of the American International Group Inc. (AIG) ,
has received Chinese government approval to establish a joint venture
fund management company in Shanghai.
The China Securities Regulatory Commission has given the go- ahead
for AIGGIC, China's Huatai Securities and several other Chinese
companies to establish the joint company.
AIGGIC and Huatai Securities will each hold 33 percent of the
company's stock, while the remaining stock will be shared by three
other Chinese companies.
The company will be registered in Shanghai and with a registered
capital of 100 ...