E Fund delays London office, awaits mandates

Guangzhou-based E Fund Management is delaying opening its London office as a result both of reduced interest in Chinese investments due to renminbi depreciation, and of uncertainty caused by Britain’s vote to leave the EU.  However, Ma Jun, executive vice president and chief investment officer for fixed income, expects these to be short-term issues and said the firm still planned to set up the UK presence in the next 12 months. News of its plan to set up a branch in Europe – most …