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Baillie Gifford increases China focus

28 September 2020

Baillie Gifford has stepped up its focus on investments in China with the launch of a new Shanghai office.

The investment manager has also registered as a Private Securities Fund Manager in China, enabling it to invest in more Chinese companies and launch private funds to Chinese investors, it said in a statement.

Baillie Gifford launched its first China Fund in 2008 and has around 17%, the equivalent of £45 billion, of its total assets under management invested in Chinese companies.

The Edinburgh-based firm said having a local presence will help it to “deepen existing relationships” with Chinese companies, allowing them to understand cultural developments and forge more academic partnerships.

John MacDougall, partner and chairman in China, Baillie Gifford, said: “We have been investing for our clients in some of the most inspiring and influential Chinese companies for decades, providing long-term capital that enables them to innovate and grow for many years. That innovation is accelerating as Chinese entrepreneurs harness technology to create new business models, products and services for millions across China, transforming entire industries.

“We are building a team based in Shanghai to provide devoted, local expertise to boost our research into these rising Chinese companies. We hope that combining knowledge from the team on-the-ground with broader perspective from investment teams in Edinburgh will allow us to assess the opportunities with greater insight, in the search to find China’s future winners.”

Amy Wang, head of China at the company, added: “This is an exciting time in China as the authorities open up the financial services industry to welcome overseas investment managers and increase opportunities in its domestic shares market. Being registered as a PFM allows us to build a client base of Chinese investors who share our belief that taking a long-term approach, investing over five to ten years or more, will support the growth of Chinese companies and produce strong, consistent investment returns.”

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