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UK-based Abrdn to launch asset management JV in China with Citic unit

UK-based Abrdn to launch asset management JV in China with Citic unit

FILE PHOTO: Businessman toy figure is placed on pound coins in front of displayed Abrdn logo in this illustration taken, November 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Abrdn is in advanced talks with Citic Bank to launch an asset management joint venture in China, two people with knowledge of the matter said, as the British firm looks to bolster its presence in the world’s second-largest economy.

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