CITIC and Fubon form new leasing company
Taiwan's Fubon Venture Capital and CTTIC Asset Management have jointly establishment a leasing company in China, representing the first cross-Taiwan financial partnership after the recent memorandum of understanding on cross-Strait cooperation in financial supervision passed in January this year.
With RMB500 million ($73.2 million) of initial capital, the new Beijing-based company will be 51% owned by CITIC Asset Management, a subsidiary of China’s largest financial group CITIC Holdings, while...
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