E Fund delays London office, awaits mandates
The Chinese firm is postponing its UK plans due to Brexit-related uncertainty and lower foreign demand for RMB assets. Still, it expects mandates from European investors to start flowing soon.
Guangzhou-based E Fund Management is delaying opening its London office as a result both of reduced interest in Chinese investments due to renminbi depreciation, and of uncertainty caused by Britain’s vote to leave the EU.
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