LONDON, Nov 15 (Reuters) - HSBC and China Investment Corp are in talks to create a fund for the Chinese sovereign wealth fund to invest in companies in Britain that have business links with China, HSBC said on Thursday.
The fund would be managed by London-based Charterhouse Capital Partners, which is in talks with CIC and HSBC, the British bank said.
The three “are in exclusive discussions to create a fund to invest in high-quality and growing UK companies with development opportunities in China,” HSBC said.
The Financial Times earlier reported the fund could be worth 1 billion pounds ($1.28 billion).
CIC has set up similarly structured funds elsewhere in the world, including in the United States with Goldman Sachs and in Japan with Nomura.
$1 = 0.7818 pounds Reporting By Lawrence White. Editing by Jane Merriman