HSBC to Buy Remaining 51% of China Fund Management Joint Venture $7.7 Billion HSBC Jintrust Fund Management from Shanxi Trust, $138 Million Deal Subject to Public Auction Beginning 29th June 2023
7th July 2023 | Hong Kong
HSBC is buying the remaining 51% of China fund management joint venture HSBC Jintrust Fund Management ($7.7 billion AUM, Assets under Management) from Shanxi Trust, with the $138 million (CNY 1 billion) deal representing 31% of shareholding currently undergoing a public auction that has began on 29th June 2023. HSBC has the first right to the auction purchase.
“ HSBC to Buyout Remaining 51% of China Fund Management Joint Venture HSBC Jintrust Fund Management from Shanxi Trust, $138 Million Deal Subject to Public Auction Beginning 29th June 2023 “
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