Shanghai OKs Blackstone Carlyle, DT Capital For Yuan-denominated PE Funds
The Shanghai government gave the green light to Blackstone, Carlyle Group and DT Capital Partners for a pilot scheme that allows foreign investors to invest in yuan-denominated private equity funds in China for the first time, Reuters reported citing sources. Shanghai is vetting a second batch of applicants. Two sources with direct knowledge of the matter told Reuters that the Shanghai government hopes to award QFLP status to other types of foreign investors, such as venture capital funds, with a preference to those co-invested by Chinese companies.
6 May 2011•2 mins read
