First Eastern launches UK China Fund endorsed by UK PM Cameron
First Eastern Investment Group (First Eastern), a pioneer of direct investment in China, has launched a $500 million UK China Fund, which will focus on providing capital to British companies, particularly SMEs to help expand their business and access opportunities in China.
According to First Eastern, the new fund will support UK companies in China through capital injections, business networks and on-the-ground expertise.
Foreign direct investment into China by SMEs remains limited, according to the firm. Victor Chu, Chairman and CEO of First Eastern, said, " We are particularly excited to be investing in the UK at this time - in view of the decisive policies that are currently being undertaken, we believe the UK will bounce back strongly from the economic downturn."
British Prime Minister David Cameron also commented on the formation of the fund: "The new fund will provide welcome investment in our SMEs, help the UK to create more jobs, boost our exports and add to the investment flows between our two economies."
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