Prudential Asia fund arm to set up wholly-owned China non-retail fund manager

HONG KONG, Nov 16 (Reuters) - Prudential Asia executives say --

* Asian asset manager Eastspring in process of establishing wholly-owned presence in China

* Eastspring recruiting to establish onshore investment team in China

* Expect Asia business to double every five to seven years

* Would like to have a bigger share of China insurance joint venture (Reporting by Sumeet Chatterjee in Hong Kong)

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