Have foreign fund management companies been successful in China and what does the future hold for them?
Dozens of foreign investment funds have entered into technical cooperation agreements with domestic funds as open-ended funds re-entered the market. Foreign companies will likely leverage these advisory roles into joint ventures in the near future. Early reports indicate that Schroder Investment Management (Hong Kong) Ltd. plans to form a joint venture with China Galaxy Securities Co. Ltd., and HSBC may further its partnership with China Southern Fund Management Co.
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