Chinese Investment Bank China Renaissance Raises Nearly $1B For Latest RMB Fund

Bao Fan, founder and CEO of China Renaissance and managing partner of Huaxing Growth Capital

Chinese investment bank China Renaissance Group announced on Monday that its private equity unit, Huaxing Growth Capital, has raised the third RMB-denominated fund at over RMB6.5 billion (US$943.08 million), with oversubscription of more than RMB1 billion (US$145.09 million).

China Money Network

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