By Selena Li and Jason Xue HONG KONG (Reuters) - Chinese ventures of foreign asset managers including JPMorgan, Warburg Pincus and UBS are gearing up .
By Selena Li and Jason Xue HONG KONG (Reuters) - Chinese ventures of foreign asset managers including JPMorgan, Warburg Pincus and UBS are gearing up .
The common practice of sharing fees in China can be traced back to 2008’s bear market, when fund houses had to sacrifice revenue to incentivise banks to sell their products,