Abrdn is in advanced talks with Citic Bank to launch an asset management joint venture in China, two people with knowledge of the matter said, as the British firm looks to bolster its presence in the world's second-largest economy.

Abrdn plans to acquire a majority stake in its partnership with Citic Wealth, Citic Bank's wealth management unit.

Abrdn is in advanced talks with Citic Bank to establish an asset management joint venture in China, according to sources familiar with the matter. The British asset manager aims to expand in the worlds

Dubai British asset management firm Abrdn is in advanced discussions with CITIC Bank to establish a joint venture in China, aiming to strengthen its presence in the world's second-largest economy. This strategic move comes as relations between the United Kingdom and China show signs of improvement,

Abrdn is in advanced talks with Citic Bank to launch an asset management joint venture in China, two people with knowledge of the matter said, as the British firm looks to bolster its presence in the world's second-largest economy.

ABRDN is in advanced talks with Citic Bank to launch an asset management joint venture in China, two sources with knowledge of the matter said, as the British firm looks to bolster its presence in the world’s second-largest economy.

Abrdn, the UK's second-largest independent asset manager, expects to hold a majority stake in the venture with the rest owned by Citic Bank's unit Citic Wealth, said the people who declined to be iden