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UOB Asset Management and Ping An Trust get approval for fund management in China

Singapore based UOB Asset Management has obtained approval from the China Securities Regulatory Commission (CSRC) to set up a joint venture fund management company in China with China Ping An Trust and Sanya Yingwan, according to a statement issued by the company.  The joint venture will be called Ping An UOB Fund Management Company.  UOB will hold 25% of shares…

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