12:02 PM EST - Royal Bank : has begun a partnership with Chinese bank China Minsheng Banking Corp. Ltd. to launch a fund management company based in Shanghai. RBC will hold a 30 percent interest in the new company, China Minsheng a 60 percent interest and government-backed Three Gorges Finance Co. a 10 percent interest. Royal Bank
T.RY are trading down 14 cents at $49.38.
