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PE Weekly | News and Events in Chinese PE Market (2021.6.14-2021.6.20)

FOF Weekly Updated June 20, 2021


This week (2021.6.14-2021.6.20), PE Weekly covers fundraising and policy news on PE market.

Fundraising

Shandong’s Pingdu City Sets up $465 Million Fund of Funds for Innovative Development

18 June 2021----Three local state-owned enterprises partners with Pingdu government to set up a CNY 3 billion ($465 million) fund of funds to promote local innovative development. The new vehicle aims to carry out cooperation with private fund management institutions to set up sub-funds to invest in equipment manufacturing, new energy, new material, IT, biomedicine, medical equipment, and modern agriculture industry. Read more…

Henan Welcomes $33 Million Fund for Biobase Industry

18 June 2021----Henan Agricultural Development Fund Investment Co., Ltd teams up with Puyang Longyun New Industrial Investment Fund (LP) and Nanle Investment Group Ltd, each with the commitment of CNY 70 million ($10.8 million), to launch a fund designated for investments in biobase industry. Read more…

China’s Yingke PE Raises $155 Million for RMB Fund

17 June 2021----Chinese investment firm Yingke PE announced that it has raised CNY 1 billion ($155.4 million) for a new RMB-denominated fund, bring the firm’s total fundraising amount so far this year to over CNY 13 billion ($2 billion). The fund has secured support from industrial capital, government-guided funds, and financial institutions. Read more…

Wuhan Debuts Industrial Base for Funds

17 June 2021----Wuhan launched the first industrial base in Hanyang District in order to attract more funds in the city. The district government rolled out favoring policies such as setting up CNY 1.5 billion ($232 million) government-guided industrial Fund of Funds, rewards for GP settling down in Wuhan as well as support for financial talents. Read more…

Jinan to Set up $155 Million Fund for Private SMEs Development

17 June 2021----Jinan government has announced the plan to set up a CNY 1 billion ($155 million) fund for promoting the development of local small- and medium-sized enterprises. The nee vehicle will put the priority on the investments in private technology companies with great potential at the initial stage in a bid to maintain the vibrancy of private SMEs. Read more…

Shenzhen Welcomes $7.7 Billion Fund for Satellite Technology Industry

16 June 2021----Zhong’an Guo Tong Satellite Technology Group Ltd pairs up with several Chinese renowned institutional investment companies and industrial investors to set up a fund of target scale of CNY 50 billion ($7.7 billion) for satellite technology development. The new vehicle will complete the fundraising in three closings and lay the investment emphasis on the investments in industries related to satellite technology application such as satellite communication, navigation, and remote sensing technology. Read more…

Shanghai Semiconductor Fund Secures Commitment from Another Secondary Fund

16 June 2021----Following Shenzhen Capital Group’s step to fuel Shanghai Semiconductor Equipment Material Fund, Guangzhou Yuexiu Industrial Secondary Fund has completed transferring investment in the vehicle, demonstrating its confidence in the rosy future of semiconductor industry. Read more…

Hangzhou Welcomes $3.1 Billion Fund for Medical Industry

15 June 2021----Tigermed, a Chinese leading provider of innovative clinical research solutions, has reached agreement with investors including Hangzhou State-Owned Capital Investment and Operation Co., Ltd to co-launch a CNY 20 billion ($3.1 billon) fund for biomedicine industry. As the Fund of Funds for healthcare industry in Hangzhou, the new vehicle focuses on the investments in enterprises in such fields as innovative medical equipment, biomedicine, medical service, digital therapy, and smart manufacturing. Read more…

Hangzhou Partners with Nanjing to Launch $155 Million Fund for Emerging Industries

15 June 2021----Hangzhou Oriental Jiafu Asset Management Co., Ltd, a Hangzhou government-backed institutional investor, has joined hands with Lishui District of Nanjing to launch a fund for emerging industries with the target scale of CNY 1 billion ($155 million). The new vehicle aims to focus on the investments in enterprises in the emerging industries such as high-end equipment smart manufacturing, new material, IT, and healthcare. Read more…

China’s Huace Media to Set up $77.5 Million Fund for Film and Education Fields

15 June 2021----Huace Media, a leading Chinese film group, announced partnership with Shanghai Songjiang Venture Capital Investment Management Co., Ltd to launch a CNY 500 million ($77.5 million) fund for film and education industries. Huace Media commits nearly CNY 400 million ($62 million) to the new vehicle. Read more…

Policy

Shenzhen Regulator Sends Positive Messages to Support VC Industry

18 June 2021----Development and Reform Commission of Shenzhen Municipality rolled out a series of policy to support venture industry including widening PE fund market access and optimizing development environment, enriching capital resources for VC industry, and encouraging long-term capital. Read more…

 


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PE Weekly | News and Events in Chinese PE Market (2021.7.12-2021.7.18)
REGISTER NOW !
CHINA-BASED
GLOBAL PLATFORM
FOR GPs & LPs
E-mail adress
Password
l read and agree to
Terms&Conditions
Create a new account Sign up!
Forget Password
CHINA-BASED
GLOBAL PLATFORM
FOR GPs & LPs
Name
Surname
E-mail address
Password
Confirm password
l read and agree to
Terms&Conditions
Already have an account? Sign in!
Please go to the mailbox to approve the registration
CHINA-BASED
GLOBAL PLATFORM
FOR GPs & LPs
FOF WEEKLY Account terms of service
1. Members registered in this website must abide by the provisions on the administration of Internet electronic announcement service, and shall not publish information such as defamation of others, invasion of others' privacy, infringement of others' intellectual property rights, spread of viruses, political speech, commercial information, etc.
2, in all the articles published in the site, the site has the final right to edit, and reserve the right to print or publish to a third party, if your information is not complete, we will have the right to use your work published in the site without any notice.
3. During the registration process, you will choose the registration name and password. The choice of registration name shall comply with laws, regulations and social ethics. You must keep your password confidential and you will be responsible for all activities that take place under your registered name and password.
Already have an account? Sign in!
E-mail adress

PE Weekly | News and Events in Chinese PE Market (2021.6.14-2021.6.20)

FOF Weekly Updated June 20, 2021


This week (2021.6.14-2021.6.20), PE Weekly covers fundraising and policy news on PE market.

Fundraising

Shandong’s Pingdu City Sets up $465 Million Fund of Funds for Innovative Development

18 June 2021----Three local state-owned enterprises partners with Pingdu government to set up a CNY 3 billion ($465 million) fund of funds to promote local innovative development. The new vehicle aims to carry out cooperation with private fund management institutions to set up sub-funds to invest in equipment manufacturing, new energy, new material, IT, biomedicine, medical equipment, and modern agriculture industry. Read more…

Henan Welcomes $33 Million Fund for Biobase Industry

18 June 2021----Henan Agricultural Development Fund Investment Co., Ltd teams up with Puyang Longyun New Industrial Investment Fund (LP) and Nanle Investment Group Ltd, each with the commitment of CNY 70 million ($10.8 million), to launch a fund designated for investments in biobase industry. Read more…

China’s Yingke PE Raises $155 Million for RMB Fund

17 June 2021----Chinese investment firm Yingke PE announced that it has raised CNY 1 billion ($155.4 million) for a new RMB-denominated fund, bring the firm’s total fundraising amount so far this year to over CNY 13 billion ($2 billion). The fund has secured support from industrial capital, government-guided funds, and financial institutions. Read more…

Wuhan Debuts Industrial Base for Funds

17 June 2021----Wuhan launched the first industrial base in Hanyang District in order to attract more funds in the city. The district government rolled out favoring policies such as setting up CNY 1.5 billion ($232 million) government-guided industrial Fund of Funds, rewards for GP settling down in Wuhan as well as support for financial talents. Read more…

Jinan to Set up $155 Million Fund for Private SMEs Development

17 June 2021----Jinan government has announced the plan to set up a CNY 1 billion ($155 million) fund for promoting the development of local small- and medium-sized enterprises. The nee vehicle will put the priority on the investments in private technology companies with great potential at the initial stage in a bid to maintain the vibrancy of private SMEs. Read more…

Shenzhen Welcomes $7.7 Billion Fund for Satellite Technology Industry

16 June 2021----Zhong’an Guo Tong Satellite Technology Group Ltd pairs up with several Chinese renowned institutional investment companies and industrial investors to set up a fund of target scale of CNY 50 billion ($7.7 billion) for satellite technology development. The new vehicle will complete the fundraising in three closings and lay the investment emphasis on the investments in industries related to satellite technology application such as satellite communication, navigation, and remote sensing technology. Read more…

Shanghai Semiconductor Fund Secures Commitment from Another Secondary Fund

16 June 2021----Following Shenzhen Capital Group’s step to fuel Shanghai Semiconductor Equipment Material Fund, Guangzhou Yuexiu Industrial Secondary Fund has completed transferring investment in the vehicle, demonstrating its confidence in the rosy future of semiconductor industry. Read more…

Hangzhou Welcomes $3.1 Billion Fund for Medical Industry

15 June 2021----Tigermed, a Chinese leading provider of innovative clinical research solutions, has reached agreement with investors including Hangzhou State-Owned Capital Investment and Operation Co., Ltd to co-launch a CNY 20 billion ($3.1 billon) fund for biomedicine industry. As the Fund of Funds for healthcare industry in Hangzhou, the new vehicle focuses on the investments in enterprises in such fields as innovative medical equipment, biomedicine, medical service, digital therapy, and smart manufacturing. Read more…

Hangzhou Partners with Nanjing to Launch $155 Million Fund for Emerging Industries

15 June 2021----Hangzhou Oriental Jiafu Asset Management Co., Ltd, a Hangzhou government-backed institutional investor, has joined hands with Lishui District of Nanjing to launch a fund for emerging industries with the target scale of CNY 1 billion ($155 million). The new vehicle aims to focus on the investments in enterprises in the emerging industries such as high-end equipment smart manufacturing, new material, IT, and healthcare. Read more…

China’s Huace Media to Set up $77.5 Million Fund for Film and Education Fields

15 June 2021----Huace Media, a leading Chinese film group, announced partnership with Shanghai Songjiang Venture Capital Investment Management Co., Ltd to launch a CNY 500 million ($77.5 million) fund for film and education industries. Huace Media commits nearly CNY 400 million ($62 million) to the new vehicle. Read more…

Policy

Shenzhen Regulator Sends Positive Messages to Support VC Industry

18 June 2021----Development and Reform Commission of Shenzhen Municipality rolled out a series of policy to support venture industry including widening PE fund market access and optimizing development environment, enriching capital resources for VC industry, and encouraging long-term capital. Read more…