China Minsheng, ABP to Invest $1.5 Billion in London Project

China Minsheng Investment Co, a private investment company with $8 billion of capital, plans to invest with ABP (China) Holding Group 1 billion pounds ($1.5 billion) to build a financial complex in London.

Minsheng will provide the majority of the investment, the company said at a press conference today in Shanghai. Beijing-based ABP had said earlier it will build a business port at Royal Albert Docks that will create 20,000 jobs and generate 6 billion pounds to the London economy.