综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

(Xinhua)
Updated: 2008-02-29 16:37

The number of fund management companies in China's mainland hit 60 with the recent approval of the ABC-CA Fund Management Co Ltd by the China Securities Regulatory Commission.

Related readings: New funds could bring $11bn into equities Blue Ridge raises $1.45b for China PE fund Fund managers get nod for new services Two stock funds raise $391 on debut China to relax laws on mutual funds

Three companies are sharing the stock of the new fund company registered in Shanghai. The Agricultural Bank of China (ABC) holds 51.67 percent of the shares while Banque Indosuez, an agricultural lender based in France, and the Aluminum Corporation of China Limited Company holds 33.33 percent and 15 percent respectively.

ABC vice president Yang Kun assumes the post of board chairman, while Xu Hongbo is general manager. Its investment director is award-winning fund manager Luan Jie.

The new company is seen as an important step in financial management for ABC, the result of longtime cooperation between the two agricultural banks of China and France, Yang said.

The company is currently preparing its first fund.

After the founding of ABC-CA Fund Management Co Ltd, the four state-run commercial banks have now all have accomplished establishing joint venture fund companies.

ABC, one of the four state-run commercial banks, owns the largest business network in China. Banque Indosuez, founded in 1875, is the biggest bank in France, second largest in Europe and fourth globally. The lender has 25 years of asset management experience in Asia.

The third shareholder, Aluminum Corporation of China Limited Company, is the country's largest alumina and aluminium producer. It is also the world's second biggest alumina producer.