

China Fund Manager Merger Looms as Huaan and HFT Eye Combination
China fund manager merger activity is set to deepen as Huaan Fund Management and smaller peer HFT Investment Management prepare to combine under rules that bar one company from controlling stakes in two mutual fund managers, according to a local media report. Both firms are controlled by Guotai Haitong Securities, and the final merger plan is expected later this month or in early April. The proposed China fund manager merger comes as regulators push wider consolidation across
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