Chinese mutual fund manager Huaan Fund Management Co and smaller rival HFT Investment Management Co, both controlled by Guotai Haitong Securities Co , will merge due to regulatory caps on asset management licenses, Chinese newspaper 21st Century Business Herald reported on Thursday, citing sources.
The final merger plan will be announced later this month or in early April, the newspaper said.
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The companies said they could not immediately comment when contacted by Reuters.
Chinese regulators have been encouraging consolidations … [606 chars]
Source: Reuters | Published: 2026-03-26T02:01:00Z
Credit: Reuters
