State Street Jumps Aboard Fast-Moving China Investment Train

Filed in archive Private Equity on September 14, 2005

State Street Corporation (NYSE: STT), the world's leading provider of services to institutional investors, has established a representative office in Beijing. The new office, located in the Xicheng District, marks State Street's first presence in mainland China, Asia's second largest economy.

"We're delighted to have expanded our presence in China with the
opening of this office in Beijing. Having had a presence in the Asia Pacific
region for more than 23 years, State Street is very optimistic about the
long-term outlook for China and we feel that our expanded operations there position us well to service the growing funds market," says Jay Hooley, executive vice president and head of State Street's investment services business worldwide in an e-mail interview with ChinaVentureNews.

Although this is the first office in mainland China, State Street has had a presence in Asia Pacific for several decades and has been actively involved in the Chinese financial landscape since 1997, working with the Bank of China, Industrial and Commercial bank of China, China Securities Regulatory Commission, the Shanghai Stock Exchange,, China Asset Management Company and E Fund Management Company.