|
On June 26th, one of the largest domestic RMB PE fund, Shanghai Financial Development Investment Fund, was set up. According to reports, the first round of fundraising was accomplished, and finally involved 15 institutions as fund investors, whose first fundraising was over RMB11.00B. The fund manager is Jinpu Industry Fund Management Company initiated by Shanghai International Group and China International Capital Corporation together.
The investors of Shanghai Financial Development Investment Fund include Large-scale professional investment institutions, state-owned enterprises, financial institutions, IPO companies, well-known private enterprises, etc. Among those investors, Shanghai local institutional accounted for more than 20.0% investment, private and IPO company 60.0%.
The Fund is the only one industry investment fund taking finance as the main investment area. Future investment areas include financial services (Banks, securities, insurance, trust, financial services, etc.) and other industries (Clean energy, mineral resources, advantaged manufacturing, consumer products, modern agriculture), among which, investment ratio of financial sector is not less than 50%.
|