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BIZCHINA / Overseas Investment |
Pudong bank approved for fund venture with Axa(Bloomberg)
Updated: 2007-07-25 17:02 Shanghai Pudong Development Bank Co, part-owned by Citigroup Inc, said it won approval from China's stock market regulator to start a fund venture with French insurer Axa SA. The Pudong bank, which will own 51 percent of the venture, received the approval from the China Securities Regulatory Commission, the Shanghai-based lender said in a statement to the city's stock exchange today. |
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