OCBC launches $100m QFLP fund in Shanghai
OCBC Bank has launched a $100 million private equity fund under the Shanghai Qualified Foreign Limited Partner (QFLP) pilot program. The vehicle should make it easier for Singaporean lender to invest in domestic Chinese companies as it aims to develop its PE business in China over the next five years.
The OCBC Capital Equity Investment Fund is permitted to convert up to $100 million worth of foreign currency into renminbi to make multiple investments into Chinese companies. The QFLP license is expected...
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