Shenzhen's Citic Security boosts capital allocation in PE
Citic Securities Co., China's largest brokerage by assets, is set to invest RMB755 million ($114 million) into Citic Private Equity Funds Management Co., the investment arm of CITIC Securities, and RMB200 million ($30 million) into Citics Futures Co., a wholly owned subsidiary of CITIC Securities.
Prior to the investment, Citics Futures claimed RMB150 million($22.5 million) worth of registered capital. Citic Private Equity Funds launched its maiden, $1.3 billion fund, the CITIC Mianyang Private...
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