A Capital launches first outbound RMB fund
In the latest move by the Chinese government to promote the PRC’s burgeoning private equity sector, Hong Kong-based PE firm A Capital has partnered with the Beijing Municipal Bureau of Financial Work to launch an reminbi-denominated outbound PE fund.
With a RMB3 billion ($456 million) target, European investment group A Capital will raise funds for the China Outbound RMB Fund from private and state-owned companies as well as other institutional investors...
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