TPG, CICC establish dual currency China investment platform
TPG Capital and CICC Capital, the private equity arm of China International Capital Corporation (CICC), have agreed to establish a joint platform that will make investments in US dollars and renminbi.
The China Synergy platform is still in its early stages and the two firms have yet to clarify how it will be funded – as a stand-alone entity or from existing pools of capital managed by the participants....
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