SBI, Kingston form $100m Greater China fund
Japan’s SBI Holdings will launch a $100 million fund with Hong Kong-based Kingston Financial Group that will invest in public and private companies in Greater China. Each party has agreed to contribute $50 million to the vehicle, which will be launched this month, SBI said in a filing to the Hong Kong Stock Exchange.
The announcement comes after SBI and Kingston signed a memorandum of understanding in April to form an alliance in the financial sector, focusing chiefly on Hong Kong and mainland China. In May, SBI and...
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