Company That Helped Canada Open to China Will Stay for Long Haul
- Power Financial alert to more China investment opportunities
- Asia’s No. 1 economy is sole focus outside of developed world
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Power Financial Corp. is unfazed by the current rout in Chinese markets.
Power Financial and its parent Power Corporation of Canada -- founded by Paul Desmarais Sr. who ventured into China in the 1970s -- are in the world’s second-largest economy for the long term and will keep their eyes open for more opportunities, said Chief Executive Officer Jeffrey Orr. The Power companies recently bought direct and indirect interests in China Asset Management Co.