(Reuters) - SHANGHAI, July 19 - The Shanghai government will
set up a financial conglomerate soon to consolidate the city's
financial assets and strengthen its role as a financial centre,
a senior official and sources said.
The group -- likely to be named Shanghai New International
group -- will allow the government to tighten control of its
financial assets in a city that is increasingly competing with
other financial hubs such as Hong Kong and Tokyo.
Read more at Reuters.com Mergers News
set up a financial conglomerate soon to consolidate the city's
financial assets and strengthen its role as a financial centre,
a senior official and sources said.
The group -- likely to be named Shanghai New International
group -- will allow the government to tighten control of its
financial assets in a city that is increasingly competing with
other financial hubs such as Hong Kong and Tokyo.
Read more at Reuters.com Mergers News
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