Fund China: Provide Chinese funds for investment and related reference information.
Today ListSpecialFavoritesRSS

Recommendation: •  China Fund List •  China Fund Companies List
•  Is Fund required to bear the responsibility of propping up the market?

You are here: Fund China > Fund News > Aviva Plc to set up a joint venture with COFCO fund companies

Aviva Plc to set up a joint venture with COFCO fund companies

By Fund China
Published: 14:13, July 1st, 2007

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.

You Might Like:

  • The new policy on the introduction of QDII wait-and-see, more
  • Changxin Fund Management Co. Ltd.
  • Hedge fund harvest in China fund market
  • Fixed-income funds are concerned
  • Rational to look at the fund net level
  • AXA-SPDB Value Growth Fund will be issued since today
  • Enhanced selected a fund in the 5000 market
  • China's State Development Bank one billion U.S. dollars to set up the China-Africa Development Fund
  • China Universal Asset Management: 2008 investment need to analyse the fundamentals
  • The 2008 stock market will shake more often
  • No Responses, Submit Comment

    You must be logged in to post a comment.

    View

    Hedge fund harvest in China fund market

    Total speaking, the hedge fund makes a quite good performance in the China fund market so far even including a part of funds fell down in November...

    QDII funds waiting for the coming year

    QDII funds waiting for the coming yearThere may be much upset, suspicious and expectant for the QDII funds in 2007 fund market....

    10 trends in the fund prospect

    The total fund scale amount will be 20 trillion more or less in 2020 in a neutrally forecast and the following 13 years' compound annual growth rate will reach 16%...

    Special

    Qualified Domestic Institutional Investor (QDII)
    China Southern Fund Management Co., one of the country's three largest fund companies, said it had won approval from regulators to invest clients' money in foreign financial markets. Detail...

    Real time update Index

    Shanghai Securities Fund index, update data table.

    Shenzhen Securities Fund index, update data table.

    Recent

    Sponsored Links: