Posted inChina

China Merchants Securities launches US$290 mn bailout fund

China Merchants Securities (CMSC) and its wholly-owned asset management subsidiary will set up a bail-out plan worth 2.01 billion yuan (US$290 million) to help the development of private enterprise, The Paper reported. This collective asset management plan is designed to help prospective privately-owned listed companies manage “share pledge” risk amid the recent market turbulence and […]

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