trending Market Intelligence /marketintelligence/en/news-insights/trending/TmJboO7yD6dqGqiRgMFLBw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

France's Amundi, Bank of China unit secure nod for China asset management JV

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

France's Amundi, Bank of China unit secure nod for China asset management JV

Amundi SA and Bank of China Ltd.'s BOC Wealth Management Co. Ltd. subsidiary have received China's regulatory approval to establish an asset management joint venture in the world's second-largest economy.

Following approval from the China Banking and Insurance Regulatory Commission, the venture will become the first foreign-controlled asset manager in China, with the Paris-based firm holding an unspecified majority stake, according to a Dec. 20 release.

The two companies expect the venture to commence operations by the second half of 2020.

In August 2018, Chinese authorities scrapped restrictions on foreign shareholdings in domestic banks and asset management firms, as part of the country's efforts to open its financial sector to foreign investors. So far, only a handful of foreign financial firms set up onshore units in China in which they own a controlling stake.