The private equity arm of the mainland group targets $500 million for the first close of a strategy that will largely invest in Asia and Europe. It ultimately hopes to raise $5 billion.
Tag : china merchants
More mainland funds have received the go-ahead for sale in Hong Kong under the mutual recognition scheme. They are tipped to provide stiff competition for RQFII products.
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China Merchants Fund Management will test domestic appetite for global resources investments with a new fund, for which shareholder ING is a sub-advisor.
