For example, Xiangcai Securities Ltd. of China and Credit Lyonnais Securities Asia jointly established the China Euro Securities Ltd., Xiangcai Securities Ltd., and ING Bank jointly established the Xiangcai Hefeng Fund Management Co. Ltd., Bank of Communications and Schroders Group from the UK jointly established the Bank of Communications & Schroders Fund Management Co. Ltd., Deutsche Bank AG bought equities of Harvest Fund Management Co.Ltd.
and Belgian company invested in Fushi Fund Management Co.Ltd in Shanghai etc. Second, China and Europe have made a series of great progress in financial strategic cooperation.