Goldman, Morgan Stanley latest to launch RMB funds
US investment giants Goldman Sachs and Morgan Stanley have reportedly been given the green light to launch yuan-denominated private equity funds in China, coming as Western PE players rush the market to take advantage of a newly liberalized investment landscape.
According to The Wall Street Journal, Goldman Sachs has raised RMB5 billion ($770 million) for its sector-agnostic vehicle, with the bank's CEO Lloyd Blankfein in Beijing to attend the launch ceremony....
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