Goldman Sachs and Warburg Pincus are nearing talks to acquire a stake up to 20 % in China Huarong Asset Management for about $2 billion.
Other investors in the hunt include Khazanah Nasional Bhd, CITIC Group, China International Capital Corp, Fosun Group and COFCO Corp, reported Reuters.
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The publication reported that the seven investors are likely to sign a deal over the next month.
China Huarong had managed about $65.7 billion under management at the end of 2013.
Huarong’s fund-raising plans come in the wake of China Cinda Asset Management Co US$2.8 billion Hong Kong IPO last year.
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