China's first PE-mutual fund house targets launch
Shenzhen Capital aims to put out its first mutual fund by the year-end. CEO Sun Dong-Sheng says private equity firms have an advantage over traditional managers due to their industry expertise.
Private equity firm Shenzhen Capital Group plans to launch its first mutual fund product via its wholly-owned fund house Hongtu Innovation Fund Management by the end of this year.
Hongtu Innovation received a mutual fund licence from the China Securities Regulatory Commission (CSRC) on June 5 to become the first Chinese PE firm to enter the mutual fund industry.
The fund house was formally established on June 23.
And this month, Beijing-based PE firm JD Capital also set up a m…
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