Hony Capital related stories
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Chinese sports retailer gets RMB400mThe investment from Legend Capital, Sequoia Capital China and CCB International will used to expand the company, augment human resources, marketing activities and help R&D.
- Chinese pension to increase relationships
China’s RMB563bn national pension fund will reportedly back at least three to five private equity fund managers in 2009 as it looks to build its private equity portfolio. It is also set to increase its exposure to direct investments in state-owned enterprises.
- Legend Capital backs Chinese IT company
The China-focused venture capital firm made the investment in Beijing-based Dianji Technology from the $350m Legend Capital Fund IV.
- RMB funds overtake China's VC market
In 2008, RMB-denominated funds raised RMB 264bn to invest in China, up 347 percent from from the prior year.
- Report: CITIC to launch venture, buyout funds
Hong Kong-based CITIC Capital is reportedly in talks with China's national pension fund and the China Development Bank to set up a buyout and a venture fund.
- Report: China's NSSF gives nod to another two firms
In another round of private equity investment, China's National Social Security Fund has reportedly given initial approval to two domestic private equity firms, Shenzhen Capital Group and Science & Merchants Investment Management.
- Report: SAIF Partners raises RMB1.6bn fund
SAIF Partners reportedly joins a growing number of non-state backed private equity firms in China to raise yuan-denominated funds.
- Funds raise $3.2bn for China in October
Private equity investments have started to increase amid relaxed regulations and the Chinese government’s commitment to prevent a slow down in the economy.
- Report: Softbank China launches first RMB fund
The China-focused venture capital firm is reportedly seeking commitments of RMB2bn from limited partners based mainly in eastern China.
- Report: National pension to invest in China Development Bank
Mainland China's largest pension fund is reportedly looking to invest between RMB 20 billion and RMB 30 billion in the Chinese Bank. China's sovereign wealth fund CIC invested $20 billion in the same bank last December.