Value Partners grows China team, awaits PFM licence

Hong Kong’s Value Partners is beefing up its China team and seeking a licence for onshore private fund management (PFM), after last week naming Yu Xiaobo as Shanghai-based head of its mainland business. The firm hired a portfolio manager, Luo Jing, in June, but did not say whether he had replaced anyone. Jing, based in Hong Kong, was previously an associate director at HSBC Global Asset Management focusing on China investments. He has also worked at Shenzhen-based Bosera Asset Man…