Abrdn Partners with Citic Unit to Launch China Asset Management Venture
In an exclusive partnership, Abrdn is set to venture into China's asset management industry with a Citic unit, sources reveal.
Abrdn is on the brink of launching a new asset management venture in China in collaboration with a unit of Citic Group, sources familiar with the matter reported. The move marks Abrdn's strategic expansion into the Chinese market, tapping into the growing opportunities within the region's asset management sector.
The partnership with Citic, one of China's leading financial conglomerates, signifies Abrdn's commitment to diversifying its global presence and leveraging Citic's extensive network and expertise in the Chinese market. This venture is expected to open up avenues for Abrdn to cater to the evolving investment needs of clients in the region.
With China's financial landscape rapidly evolving and opening up to international players, Abrdn's collaboration with Citic unit is poised to strengthen its foothold in one of the world's fastest-growing economies. The partnership is anticipated to bring forth innovative investment solutions tailored to the dynamic market conditions in China.