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BNP Paribas Investment Partners opens unit in Shanghai FTZ

BNP Paribas Investment Partners, the asset management arm of BNP Paribas, today announced the opening of an investment advisory company in Shanghai’s pilot Free Trade Zone.

Operating under the Wholly Foreign Owned Enterprise structure, BNP Paribas Investment Advisory (Shanghai) Co Ltd is aiming to provide services to institutional investors.

The French bank is banking on the new entity to seize opportunities offered by the progressive liberalization of the yuan and China’s economic and financial integration with the global financial system at both country and corporate levels.

“The opening of BNP Paribas Investment Advisory (Shanghai) Co further broadens our franchise in China and reaffirms BNP Paribas’ commitment to this growth market,” Asia Pacific CEO Vincent Camerlynck said in a statement.

The new company will complement to HFT Investment Management, a joint venture between BNP Paribas Investment and China’s second-largest brokerage Haitong Securities.

Established in April 2003, HFT has grown to US$20 billion in asset under management over the last decade.




 

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