BNP Paribas is the latest Western institution to investigate setting up a China wealth management joint venture, according to press reports.
Reuters, quoting anonymous sources, said the French firm was talks to form a wealth management venture with a unit of Agricultural Bank of China (AgBank).
BNP Paribas would follow in the footsteps of Amundi, Schroders, BlackRock, Goldman Sachs, and JP Morgan – all of whom have partnered with Chinese institutions in an...
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