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

News Source: China Money Network.

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).

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