jvs

Instead of liquidating a bad asset, Cinda goes into business with foreign partner First State.

They are in talks to form the second round of fund-management joint ventures with Chinese banks.

Sitico and JPMorgan Fleming''s China Int''l and Everbright-Pru will launch their first funds amid a bear market.

Invesco Great Wall''s debut raised half the assets of predecessors; all eyes will be on Shenyin & Wanguo/BNP.