Lujiazui, Shanghai's financial hub, is the host venue of the China-UK Asset Management Forum. [Photo/IC]

The China-UK Asset Management Forum took place in Shanghai's Lujiazui Financial City on Jan 11, with the aim of strengthening cooperation between the two countries' asset management markets, Pudong Times reported on Jan 17.

The forum, jointly organized by the UK Department for International Trade, the British Consulate General in Shanghai, and Lujiazui Financial City, attracted a large number of British and Chinese financial institutions.

The Investment Association along with many of the UK's asset management institutions such as Aberdeen, Barings, Old Mutual, Man Group, and Standard Life were among the attendees.

Chris Cummings, CEO of The Investment Association, said that many UK asset management institutions are interested in the Chinese market and are inclined to seek cooperation in China. Chris said he will lead delegations to China in the future and welcomed Chinese delegations to visit London.

Shi Hongshen, chief research officer of Shanghai-based consulting firm Z-Ben Advisors, predicted that the public fund sector may also be opening up to foreign investors after it became allowed to enter the private fund sector last year.