Funds News
- Credit Agricole to launch fund venture
Date: 4-Sep-2007 Sources: (Shenzhen Daily)
FRANCE'S No. 1 retail bank, Credit Agricole SA, is due to launch a Chinese fund management venture by the end of October to tap the country's asset management boom, two sources close to the situation said yesterday.
The joint venture would be one-third owned by Credit Agricole, the sources said. Aluminum Corp. of China (Chalco) would have a 15 percent stake and Agricultural Bank of China would hold the remainder, they said.
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