Major opening for cross-border finance
By Chai Hua in Shenzhen | China Daily | Updated: 2016-09-09 08:52
Financial companies in Hong Kong and Guangdong province are teaming up to embrace the opportunities brought by the opening of China's financial sector.
China's first onshore overseas majority-owned joint venture fund management company on the mainland opened for business on Thursday in Shenzhen, Guangdong province.
The Hang Seng Qianhai Fund Management Co Ltd was jointly established by Hong Kong's Hang Seng Bank and Shenzhen Qianhai Financial Holdings Co Ltd (QHFH), holding stakes of 70 percent and 30 percent respectively.
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