U.S. Private Equity Firm Launches Yuan-Denominated Funds in China

U.S private-equity firm TPG has launched yuan-denominated funds in Shanghai and Chongqing, a sign that global funds are eager to tap the enormous pools of wealth developing in the world's second-largest economy, reports the South China Morning Post.

 

The Post says Beijing has been encouraging yuan investments, hoping that it will enrich the country's capital markets and create a more efficient system for allocating capital to private Chinese firms.

 

Chinese cities such as Shanghai have been attracting private equity firms to establish funds in their regions by offering tax breaks and assistance in meeting regulations.
 

MORE ARTICLES ON PRIVATE EQUITY, TPG, YUAN PRODUCTS, YUAN-DENOMINATED FUND, FINANCE AND BANKING

 

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