Schroders, the UK-listed fund manager, is close to unveiling a joint venture in China that will help it develop and distribute new investment products in the $40bn (€32bn) market.

Bloomberg reports that the fund management firm is tying up with Bank of Communications, China's fifth-biggest lender. A spokesman in London declined to comment.

Jason Corcoran

Schroders

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Schroders plans Chinese joint venture

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