China Minsheng Investment’s finance arm is “actively looking” at opportunities to set up in London but will tread carefully while Whitehall negotiates its exit from the EU, its chief executive said, in the latest sign of companies wanting clarity before committing to the UK.

CMI, the mainland’s largest private investment fund, set up China Minsheng Financial (CMF) as its Hong Kong-based finance platform last year, reversing into an existing listed trading company and appointing Sing Wang, a veteran of TPG and Goldman Sachs, as its head.

“London is a good place for a regional headquarters for our group and we are very actively looking — but we also have to be very careful, so we will take our time,” said Mr Wang in an interview with the Financial Times.