The joint venture line-up
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Shum: The benefit of a good local
partner is that it gives you a good
profile, if not full control |
GIVEN THE PIONEERING nature of the fund management business in China's large but unruly domestic stock markets, it seems appropriate that the offices of Invesco Great Wall Fund Management Company (IGT) are in the frontier town of Shenzhen, just across the Shing Mun river from its salubrious neighbour, Hong Kong.
The offices of IGT, one of the early entrants to the market, certainly look the part. Aside from two huge toy bulls that guard the reception area, each sporting Invesco Great Wall rugby shirts, the remainder of the floor is given over to the trading desks and computer screens one expects to see in any serious fund management operation.
Amvescap, the parent company of Invesco Asia, is certainly taking its China joint venture with local securities firm Great...
