By: Siva
Fund China

According to foreign media yesterday, the UK’s largest insurance group Aviva Plc. Exp with plans to establish a joint venture fund management company.

According to the Asian region Aviva Plc chairman Charles Anderson said. Exp as soon as possible and hope to establish relations of cooperation, through its wholly-owned subsidiaries, Morley Fund Management Co..

Anderson said : “They have submitted a formal application to the China Securities Regulatory Commission (SFC) , and is currently awaiting approval by the Commission.

According to law, COFCO has not allowed more than 50% of the shares in the new joint-venture fund management companies, because it is not a financial institution.

British Aviva Plc is the world’s fifth largest insurance groups, as well as Britain’s largest insurance group, The company pension insurance business in the European market-led development, and in other countries in the world have their business. Aviva Plc company has 36 billion pounds worth of insurance and investment income assets, and the 332 billion U.S. dollars of total assets.

Morley Fund Management Co. , Management 246 billion U.S. dollars of assets, half of which come from Aviva Plc.

January 2003. Aviva Plc and British Exp formed Aviva - Cofco Life Insura Co neighbor. , Ltd., the registered capital of 50 million yuan.

Copyright Fund China 2008.

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