BNP Paribas’s asset management arm is in talks with the wealth management subsidiary of Agricultural Bank of China (ABC) to set up a wealth management joint venture, targeting the country’s rapidly expanding US$19 trillion wealth management market. The French firm will hold a majority stake in the yet-to-be-formed joint venture, which would provide access to ABC’s large retail client base…
BNP Paribas mulls onshore WM JV with Agricultural Bank of China
3 September 2021

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