China’s trust companies set to enter PE space
New regulation concerning the expansion of China trusts' investment scope to include private equity is expected to be announced soon. China Industrial International Trust (CIIT) is set to be among the first batch of companies to take advantage of the change, setting up a new unit - China Industrial Asset Management – to operate in the PE space.
Approved by the China Banking Regulatory Commission (CBRC), the subsidiary will provide private equity, asset management, and financial advisory services, with registered capital of RMB100 million ($16...
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