New Products
Ping An To Launch First US Dollar PE Fund - Report
Ping An Securities is set to launch its first US
dollar-denominated private equity fund, according to
a report by The Wall Street Journal.
According to sources cited by the news service, the mainland
China fund is looking to invest in Chinese growth companies that
are likely to list over the next three years. People close to the
matter also told the publication that the company has been
approaching foreign investors based in Asia and the US, in a bid
to raise between $200 million and $400 million.
Ping An is the securities subsidiary of Chinese insurance giant
Ping An Insurance Group Co.
