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Homegrown PE fund seeks 10% stake in Chengdu bank

China's first government-backed private equity (PE) fund, Bohai Industrial Investment Fund Management Co, is vying for a minority stake in Chengdu City Commercial Bank Co to gain a foothold in the country's banking sector. The nation's p ... ...full story at People's Daily

from People's Daily on Tue, Nov 20 2007

see also:

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11 Sep 09 visit Bank-related institutions keen on RMB private equity funds market  »  People's Daily CCB International (Holdings) Ltd., a wholly-owned subsidiary of China Construction Bank (CCB) said on September 10 that it was planning to set up CCBI Healthcare Fund, its first private equity fund of RMB. It will raise no more than 2.6 billion yuan and...
27 Sep 07 visit ANZ snaps up second China bank stake  »  Engaging China Patience is a virtue. Australian bank ANZ has taken its second minority stake in a Chinese bank, although the deal took four years to close. ANZ will pay $263m for a 19.9% stake in Shanghai Rural Commercial Bank (SRCB) - China's largest rural commercial...
18 Mar 08 visit ICBC, Standard Bank agree to issue resource fund  »  People's Daily The Industrial and Commercial Bank of China (ICBC) and its South African partner, Standard Bank, signed an agreement on Tuesday to launch a 1-billion-U.S.-dollar global resources fund. The fund would focus on opportunities in Africa ...
18 Oct 08 visit China's sovereign wealth fund raises stake in U.S. company to 12.5%  »  People's Daily China Investment Corporation (CIC), the country's 200-billion-U.S.-dollar sovereign wealth fund, has raised its stake in U.S. investment group Blackstone LP to more than 10 percent -- still short of the 12.5 percent limit recently agreed between the two...

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