Invesco changes horses in China stream
It has obtained CSRC approval to form a fund management JV, but not with Penghua.
The China Securities Regulatory Commission in Beijing has authorized Invesco to establish an asset management joint venture company. Invesco, a unit of Anglo-American investment manager Amvescap, had been engaged in an informal partnership with Shenzhen-based Penghua Fund Management.But the JV is not with Penghua, but with Great Wall Securities, and it will be called Invesco Great Wall.Invesco's Asia Pacific CEO Andrew Lo explains the firm has been in talks with Great Wall, also based…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.