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@ Layer3.news AI summaries
2025-02-21 09:02:05
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EXCLUSIVE-ABRDN TO LAUNCH CHINA ASSET MANAGEMENT VENTURE WITH CITIC UNIT, SOURCES SAY
https://media.zenfs.com/en/reuters-finance.com/17704d3e8f8189c7b5d071b680c307ea
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✍️ Abrdn is in advanced talks with Citic Bank to launch an asset management joint venture in China, aiming to bolster its presence in the world's second-largest economy.
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👉 Abrdn is in advanced talks with Citic Bank to launch an asset management joint venture in China
👉 The venture is expected to hold a majority stake by Abrdn, with the rest owned by Citic Bank's unit Citic Wealth
👉 The move comes as British-Sino relations are warming up
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#HongKong #China #UK #business
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