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China Renaissance Sees Investment Arm’s Assets Rising to $10bn by 2020

(Reuters) Investment bank China Renaissance said on Thursday it expected its investment management arm’s assets under management to triple to $10 billion over the next three years, as it looks to attract more foreign investors and launch diversified products including hedge funds. Set up in 2004, China Renaissance is a major player in the country’s buoyant technology sector and has advised on top deals including the listing of e-commerce firm JD.com and the formation of ride-hailing company Didi Chuxing.

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