Exclusive-UK's Legal & General shelves China business license plan, cuts headcount, sources say

España Noticias Noticias

Exclusive-UK's Legal & General shelves China business license plan, cuts headcount, sources say
España Últimas Noticias,España Titulares

Explore stories from Atlantic Canada.

PC party leader attends the protest in support of fishermen | SaltWire #newsupdate #newfoundlandHONG KONG - British insurer and asset manager Legal & General has shelved a plan to obtain a China business license and more than halved onshore headcount, two sources said, joining a list of global financial firms scaling back in an uncertain market.

The remaining two will focus on the firm's existing business of managing Chinese institutional investors' offshore assets, said the sources, who declined to be named as they were not authorised to speak to the media.

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

SaltWire Network /  🏆 45. in ES
 

España Últimas Noticias, España Titulares



Render Time: 2025-01-11 13:17:39