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CSRC gives blessing to BNY Mellon JV

BNY Mellon and Western Securities have been authorised by the CSRC to set up a joint venture fund management company in China. BNY Mellon Western Fund Management will be based in Shanghai and owned by BNY Mellon (49%) and Western Securities (51%). Bin Hu, a former senior executive at BNY Mellon Asset Management, the asset management arm of BNY Mellon,…

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