Shanghai licenses Fosun-Carlyle RMB fund
The Carlyle Group and Fosun Group have obtained a business license from the Shanghai Administration of Industry and Commerce (SHAIC) to operate their JV Fosun-Carlyle (Shanghai) Equity Investment Fund, which is now officially allowed to make investments immediately from its $100 million initial capital.
This joint venture has apparently received the first PRC business license granted to a foreign-funded equity investment partnership enterprise. The PRC's official Administration Measures on Establishment...
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