久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Companies

UK PE firm set to find 'future winners' in nation

By SHI JING in Shanghai | China Daily | Updated: 2020-09-29 09:11
Share
Share - WeChat
The offices of Baillie Gifford are seen in Edinburgh, Scotland, Britain, Nov 3, 2018. [Photo/Agencies]

Scotland-based Baillie Gifford's decision to set up a full-fledged office in China confirms that the country's opening-up policy has boosted its confidence in the local market's future prospects, market observers said.

Baillie Gifford announced the opening of its Shanghai office on Wednesday. It is the 112-year-old company's first physical office on the Chinese mainland.

The firm is building its team in Shanghai to boost its research into more Chinese companies and "to find China's future winners", said John MacDougall, partner and chairman of Baillie Gifford in China.

He also said that innovation in China is accelerating as "Chinese entrepreneurs harness technology to create new business models, products and services for millions across China, transforming entire industries".

Earlier this month, Baillie Gifford registered as a private securities fund manager with the Asset Management Association of China, thus earning the qualification to offer private funds to Chinese investors and fund promising Chinese companies.

Wang Yiwen, head of Baillie Gifford's China unit, said an A-share fund, a long-term financial product, is in the pipeline, and it will invest over five to 10 years or even longer, in line with the firm's investment strategy, she said.

Founded in 1908, Baillie Gifford has 11 offices worldwide, and managed assets worth $324 billion as of June 30. Over the past few years, it has successfully invested in big-ticket names such as Tesla, Netflix and Spotify. Baillie Gifford's average investment span for a target company is eight years.

Its target clients in China will be those with no short-term liquidity requirements and which at the same time hope to realize profits at least three to five years later.

The increasing number of fund products with a three-year lockup period in the Chinese mainland reflects the increasing number of Chinese investors willing to do long-term investment, she said.

Baillie Gifford launched its first China Fund in 2008. It now invests in more than 100 companies based in the Chinese mainland, with assets under management, or AUM, valued at more than $55 billion, or 17 percent of Baillie Gifford's total AUM. Well-known investment targets include Alibaba, Tencent, Meituan and NIO.

The China Securities Regulatory Commission announced in June 2016 that qualified foreign wholly-owned enterprises and joint ventures can apply to be private fund managers, or PFMs, in China.

US investment company Fidelity International emerged as the first PFM in China in January 2017. Since then, 30 foreign investment firms registered as PFMs with the Asset Management Association of China. In all, they offer a collective 83 PFM products, including the 18 new ones recorded this year.

Li Chunyu, founder of Simuwang, an online investment information provider, said while individual investors account for about 80 percent of A-share market investors, the entry of foreign private equity firms will accelerate the institutionalization of the A-share market.

"The overseas institutional investors operate in a mature system of procedures in terms of technology, investment strategy and risk management. What they are seeking to do is increase the asset value on a longer term. The Chinese private equity industry is fiercely competitive already. The introduction of more foreign firms will undoubtedly make the competition fiercer," he said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 中文字幕亚洲一区 | 在线成人免费观看国产精品 | 91亚洲精品在看在线观看高清 | 日本黄色大片免费观看 | 欧美成人性毛片免费版 | 国产精品久久久久久久久免费观看 | 午夜欧美成人久久久久久 | 三级大片在线观看 | 欧美成人免费在线视频 | 久草在线观看视频 | 亚洲精品一区二区三区五区 | 亚洲成人免费网站 | 色偷偷成人网免费视频男人的天堂 | 国产丝袜美女一区二区三区 | 亚洲黄色成人 | 99一区二区三区 | 国产成人香蕉久久久久 | 成人免费视频一区二区 | 午夜精品久久久久久毛片 | 手机亚洲第一页 | 国产美女在线一区二区三区 | 又黄又骚| 久久精品国产欧美日韩亚洲 | 一级aaa毛片 | 免费v片在线观看 | 中文字幕一区二区三 | 成人午夜大片免费看爽爽爽 | japanese乱子另类 | 成人香蕉xxxxxxx | 一区二区三区欧美日韩国产 | 欧美日韩一区二区三区视视频 | 成人三级网址 | 亚洲精品视频久久 | 最新国产大片高清视频 | 精品一区二区视频 | 免费看欧美xxx片 | 亚洲欧美日本在线观看 | 美国三级在线 | 国产资源精品一区二区免费 | 久草网视频 | 精品一久久香蕉国产线看观 |