(Reuters) - SHANGHAI/BEIJING, July 23 - Barclays has
won regulatory approval to buy into a Chinese trust company,
securing a foothold in the country's fast-growing asset
management sector, two sources familiar with the situation said
on Monday.
London-based Barclays Bank Plc will be allowed to buy a
nearly 20 percent stake in New China Trust & Investment Co., one
of the country's oldest trust firms, after negotiations for more
than one year between the two companies, the sources said.
Read more at Reuters.com Government Filings News
won regulatory approval to buy into a Chinese trust company,
securing a foothold in the country's fast-growing asset
management sector, two sources familiar with the situation said
on Monday.
London-based Barclays Bank Plc will be allowed to buy a
nearly 20 percent stake in New China Trust & Investment Co., one
of the country's oldest trust firms, after negotiations for more
than one year between the two companies, the sources said.
Read more at Reuters.com Government Filings News
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