First Eastern Financial Investment Group plans to raise Rmb6bn ($850m) via a new wholly-owned China subsidiary in a breakthrough that will make it easier for international private equity firms to raise and deploy capital in the country.
First Eastern (Shanghai) Investment Management, which was granted its licence on August 14, intends to raise funds over the next year for investment in regional development and environmental protection projects.
“This is an important milestone for us,” Victor Chu, First Eastern chairman, told the FT. “We have been waiting for something like this to happen for at least 10 years.”
您已阅读33%（616字），剩余67%（1249字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。