China Minsheng Fin eyes financial sector buys in Europe

Wang Ren, CFO of China Minsheng Financial Holdings Ltd, attends an interview by Reuters in Hong Kong, China November 16, 2016. REUTERS/Bobby Yip

China Minsheng Financial Holding Corp is scouting for acquisitions of financial services companies including banks in Europe, betting on the bloc’s strengthening ties with the world’s second-largest economy, a top executive said.

The investment arm of China’s largest private fund, China Minsheng Investment Group, however, sees Chinese acquisitions in the United States in the near term taking a pause due to uncertainty about the policies of the administration of President-elect Donald Trump.

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