Developer Huayuan enters China's funds industry
The firm holds a 25% stake in freshly approved fund manager Hongta AMC, demonstrating the diversity of the newer players' shareholding structures.
Hongta AMC has become China’s 72nd fund management firm, in a move that underscores how the shareholding structure of such companies is becoming more diversified.
Based in Shenzhen, Hongta has registered capital of Rmb200 million and three shareholders: Hongta Securities (49%), venture capital firm Shenzhen Capital Group (26%) and Huayuan Group (25%), which is a conglomerate focused on property development.
It is the first time a listed property developer will have held such a s…
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