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Home > PE News > By Type > Fund

Taiwan, China in joint private equity fund Taiwan, China in joint private equity fund

11 Nov 2009. Source: AltAssets
China’s State Development & Investment Corp and Fubon Financial are to set up a 3bn yuan private equity fund, according to reports.

The private equity fund will invest in companies in the Fujian province and is said to be the first to operate across the Taiwan strait.

Fubon will reportedly take a 30 per cent stake, the State Development & Investment Corp 40 per cent and an investment firm controlled by Fujian province will hold the remaining 30 per cent.

According to Reuters, trade ties between Taiwan and China have warmed since Taiwan President Ma Ying-jeou took office last year. The countries have said they will sign a financial service pact soon, allowing for banks to invest in each other’s economies.

Copyright © 2009 AltAssets

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