Hony Capital set to enter Chinese mutual fund industry
China’s leading private equity firm has applied to the securities regulator for a mutual fund licence. The move has highlighted the trend of PE managers attempting to tap growth from retail investors in China.
Private equity firm Hony Capital plans to establish a mutual fund company in China, according to regulatory filings.
The move by Hony Capital - owned by computer maker Lenovo’s parent company Legend Holdings - has been seen as a bid to capitalise on what private investors view as huge growth potential in the Chinese mutual fund segment.
The China Securities Regulatory Commission (CSRC) accepted Hony Capital’s application for a mutual fund company licence on August 14, while the …
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