China Merchants Bank buying into ING's China fund JV

(Reuters) - The transaction, which hasbeen approved by the China
Securities Regulatory Commission, the country's top securities
watchdog, still needs further regulatory approval, the company
said.




Following the planned acquisition, China Merchants
Securities would hold 33.3 percent stake in the fund joint
venture, set up in the southern Chinese boomtown of Shenzhen in
2002. ING Asset Management would hold the remaining 33.3
percent.


Read more at Reuters.com Mergers News