Bank of Shanghai is ready to acquire a stake in Hua’an Fund Company, Hua’an chief compliance officer Zhang Guofu told China Business News Tuesday. A board member of Bank of Shanghai said an official announcement will be made in the bank’s annual report and refused to disclose the size of the stake. The city-level bank made its intentions clear that it wished to buy a stake in Hua’an Fund as early as February 2007. If ...