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  • JPMorgan Fleming Asset Management?s Sino-foreign joint venture is set to launch its first open-ended fund. Last month, the joint venture was given approval from the China Securities Regulatory Commission for the launch. This approval also marked the official founding of the global asset manager?s joint venture with Shanghai International Trust and Investment Company, called China International Fund Management.
  • New tax rules could help the UK take the lead in the nascent property derivatives market in the second half of 2004.
  • Private bankers in Spain and Portugal are working hard to tap a rapidly increasing group of high-net-worth individuals. In an undeveloped market, foreign banks are fighting over the spoils with local commercial banks that already have strong customer bases and a few local private banks. Clients can expect great personal service, if not the best advice and products.
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  • The Swiss banking sector is expected to shrink by 2010, forcing job losses and salary cuts, according to recent research.
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