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Britain's Fleming Reaches Cooperation Agreement with Chinese Company
Britain-based Fleming Investment Management Ltd., a global financial giant, recently signed a technical cooperation agreement with China's Hua'an Fund Management Co., Ltd., one of the country's earliest and most successful fund managers.
The agreement is said to be the first all-round technical deal between Chinese fund management firms and their foreign counterparts.
According to the agreement, the two companies will launch a series of cooperation projects, starting with Fleming providing fund management expertise to Hua'an.
Chairman of the China Securities Regulatory Commission Zhou Xiaochuan said China encourages its fund management firms to engage in international cooperation.
Hua'an was set up in Shanghai in 1998, with registered capital of 150 million yuan (approximately 18 million U.S. dollars). It currently manages four funds.
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