Investment banking company Goldman Sachs used a fund set up with Chinese state money to buy a series of UK and US companies, including a cyber security business used by the British government, reports the Financial Times.

Citing “multiple people with knowledge”, the front page of the FT says the bank completed said deals using a “$2.5bn (£1.9bn) private equity partnership fund it set up in 2017 with the sovereign wealth fund China Investment Corporation.”