AIG is to own 33% of the $12.1 million joint venture with Chinas Huatai Securities. Foreign companies like the Dutch insurance and banking giant
The China market has $1.3 trillion of savings and deposits, but the nations equity markets have declined 20% since April. Assets under management in mutual funds have grown to more than $1.83 billion in the past five years.
Teh-Hsiu Fu, the former head of greater China for the asset management arm of Switzerlands