Two Chinese asset management companies have consolidated their presence in London, ending months of speculation over whether China’s fund houses would enter the UK market.
Nord Engine Asset Management, a subsidiary of Chinese private equity firm Nord Engine Group, which has RMB17bn ($3bn) of assets under management, opened its first UK office in the City of London last month.
Harvest Global Investments, the $55bn Chinese asset manager, which said last September that it wanted to become the first Chinese house to open a base in London, also received its license from the UK regulator last month.
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