RBC & China Minsheng in Joint Venture

The Toronto Star, Tara Perkins, 31 October 2006Canada's biggest bank is tip-toeing into the Chinese mutual fund market, hand-in-hand with one of China's fastest-growing banks.The Royal Bank of Canada is teaming up with China Minsheng Banking Corp. Ltd. to create a $25 million (U.S.) fund management company.The new joint-venture company, to be based in Shanghai, will create, manage and sell mutual