Chinese asset manger GF Fund Management has expanded its presence into Europe by opening an office in London.
The company has also received approval from the FCA to act as an investment manager across Europe.
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GF Fund will providing investment products in Chinese asset classes, as well as advise global institutions that have qualified foreign institutional investor (QFII) and renminbi QFII (RQFII) quotas.
Miller Guo CEO of GF International said that London is the largest offshore hub after Hong Kong for reinvesting in China’s mainland markets using yuan.
The company has recruited four staff members for its London office and is planning to employ another 15 staff over the next two years, reported Financial Times.
GF Fund Management CEO Chuanhui Lin said: "Our Company’s establishment in the UK bridges investment management between China and Europe. The strong growth of the Chinese economy presents exciting prospects for European clients.
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By GlobalData"Additionally, as Chinese investors become more sophisticated, their need for global diversification is increasing. We are entering a golden era in China-UK relations, making GF International well-positioned for success."
Guo said: "GF International has close links to mainland China which enable us to deliver investment management expertise in Chinese markets directly to European clients."
