Two China JVs get debut funds approved
Sitico and JPMorgan Fleming''s China Int''l and Everbright-Pru will launch their first funds amid a bear market.
Two Sino-foreign fund management joint ventures have received the go-ahead from Chinese authorities to launch their debut funds. But the timing does not look propitious for raising large amounts of assets.
China International Fund Management, a joint venture between Shanghai International Trust and Investment (Sitico) and JPMorgan Fleming Asset Management, has announced it will launch the CIFM China Advantage Fund - a balanced fund - in the near future, with China Construction Bank…
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