Exclusive: Abrdn to launch China asset management venture with Citic unit, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 21 2025
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Source: Reuters
Abrdn's Joint Venture Plans: Abrdn is in advanced talks with Citic Bank to establish an asset management joint venture in China, aiming to strengthen its presence in the Chinese market amidst improving British-Sino relations.
Market Context: This move contrasts with other Western financial institutions that have reduced their operations in China due to economic concerns and geopolitical tensions, highlighting a potential shift in strategy for Abrdn.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
