Last July, NYPC, a merchant bank that provides financial advisory services and direct investments for private and public clients around the world, signed a Memorandum of Understanding of general cooperation with the Beijing Municipal Bureau of Finance finalized to establish an RMB-denominated private equity fund.
According to the Memorandum, the fund will invest primarily in high growth Chinese companies in the healthcare, clean tech, education/culture and consumer products sectors.
In addition, the Beijing Municipal Bureau of Finance intends to provide support to the fund by helping it obtain capital as well as introducing the fund to strategic partners, potential investors and local investment projects.
FinSMEs
20/10/2010