Japan's Daiwa Securities will invest USD100m in the Hope Fund, which finances unlisted Chinese companies, Japanese media reports.
The Hope Fund targets high-potential former state-run and unlisted
Chinese companies. Daiwa Securities is reportedly set to invest USD80m,
while its investment banking venture Sumitomo Mitsui Financial Group
will pledge another USD20m.
The Hope Fund is partially funded by Goldman Sachs. Sources familiar
with the matter say that Singapore's Temasek Holdings is also investing
in the Hope Fund.
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