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Crédit Agricole Asset Management Malaysia Sdn Bhd (CAAM Malaysia), a subsidiary of CAAM Singapore, which in turn is part of the asset management arm of France's Crédit Agricole group, has received the Securities Commission's (SC) approval for a capital market services licence and a capital market services representatives licence.
Credit Agricole Asset Management Malaysia Sdn Bhd (CAAM Malaysia), the fourth foreign fund management company approved by the Securities Commission to operate locally, is targeting to develop a stronger presence among local institutional investors and fund management companies.
HONG KONG: Chinese auto shares leapt in Hong Kong yesterday as investors became more positive on the sector, which had been hammered by weak sales earlier this year, after better-than-expected sales performances by some global auto makers in China.
SHANGHAI: General Motors Co's China joint venture is recalling 1.46 million cars due to a defect with the fuel pump brackets, in one of the largest safety recalls in the world's biggest auto market.