The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:JP Morgan Still in Talks in China Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 26, 2003

JP Morgan Still in Talks in China

by: Sean Hanna, Editor in Chief

JP Morgan has broken off talks with Huaan Fund Management on creating a joint venture to distribute mutual funds in China. The firm announced the news yesterday, but gave no explanation for why the discussions failed. Just last week Invesco finalized a similar deal with Great Wall Securities to offer funds in the Chinese market.

The American bank had reportedly been negotiating to purchase an equity stake in Huaan through its JF Asset Management unit. Huaan claims roughly $1.5 billion in assets under management, giving it a 10 percent share of the Chinese market.

JP Morgan told Reuters that it is still interested in pursuing opportunities in China. Presumably, it would need to find a new Chinese partner for the effort. A spokesperson confirmed to the news service that JP Morgan is "still holding dialogues with Chinese counterparts."

"We're extremely interested in pursuing asset management business in China. That's always been the case," Reuters quotes the spokesperson as saying.

Among the firms trying to put together products for the Chinese market are:

  • ING Groep NV
  • Societe Generale
  • Invesco
  • Allianz AG  

    Stay ahead of the news ... Sign up for our email alerts now

  • 0.0
     Do You Recommend This Story?

    GO TO: MFWire
    Return to Top
     News Archives
    2021: Q4Q3Q2Q1
    2020: Q4Q3Q2Q1
    2019: Q4Q3Q2Q1
    2018: Q4Q3Q2Q1
    2017: Q4Q3Q2Q1
    2016: Q4Q3Q2Q1
    2015: Q4Q3Q2Q1
    2014: Q4Q3Q2Q1
    2013: Q4Q3Q2Q1
    2012: Q4Q3Q2Q1
    2011: Q4Q3Q2Q1
    2010: Q4Q3Q2Q1
    2009: Q4Q3Q2Q1
    2008: Q4Q3Q2Q1
    2007: Q4Q3Q2Q1
    2006: Q4Q3Q2Q1
    2005: Q4Q3Q2Q1
    2004: Q4Q3Q2Q1
    2003: Q4Q3Q2Q1
    2002: Q4Q3Q2Q1
     Subscribe via RSS:
    Raw XML
    Add to My Yahoo!
    follow us in feedly

    ©All rights reserved to InvestmentWires, Inc. 1997-2021
    14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use