Taiwan’s CDFH, Fujian Electronics in first close on debut RMB fund
Taiwan-based China Development Financial Holding (CDFH) and China’s Fujian Electronics & Information Group have reached a first close of RMB1 billion ($162 million) on their debut renminbi-denominated fund.
The 2011 vintage Hua Chuang Equity Investment Fund, which is targeting a final close RMB2 billion, is the first renminbi fund launched by a Taiwanese financial institution in conjunction with a Chinese...
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