Minsheng Cleared to Form Fund Venture with RBC

Bloomberg, Zhao Yidi, 2 January 2008China Minsheng Banking Corp., the nation's first privately owned bank, said it has approval to set up a fund management company with the Royal Bank of Canada and Three Gorges Financial Co.Minsheng received a notice of approval from the China Banking Regulatory Commission on Dec. 28, according to a stock exchange filing that doesn't provide details. The bank