Fortis receives one of the first Sino-Foreign investment management licences

Haitong Securities Co., Ltd, one of the largest securities companies in China, and Fortis Investment Management, the asset manager of the Fortis group, received today a license from the China Securities Regulatory Commission (CSRC) to establish an investment management joint venture, Fortis Haitong Investment Management.

Fortis Investment Management will initially own 33%, rising to 49% after 3 years of operation. Fortis Haitong Investment Management will offer mutual funds investing in the local A-share market of Chinese investors.

(source: Fortis)

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