State Street Global Advisors Asia is awaiting regulatory approval to set up a joint venture to provide fund management for wealthy Chinese, Financial News has learned.

According to a notice on the Hong Kong Exchanges and Clearing website, Zhongrong International Trust Company has submitted an application to form a joint venture with the asset manager's Asian arm to provide investment management solutions to China's high net worth retail and institutional clients.

The asset manager's Asia arm is awaiting regulatory approval for a joint venture to provide fund management for wealthy Chinese

Sophie Baker

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