The fully-owned subsidiary of a joint venture between the
Industrial and Commercial Bank of China (ICBC) and Credit
Suisse is targeting to launch two long-only funds focused on
China-related companies in Hong Kong next year.
The Hong Kong Securities and Futures Commission recently
granted a Type 9 license to ICBC Credit Suisse Asset Management
(International) Company Ltd to manage and market hedge funds in
The license came just after ICBC, which is the
world’s biggest lender by market value, increased
its shareholding in the joint...