Blue Ridge Targets Chinese Startups
Blue Ridge China, an affiliate of American private equity firm Blue
Ridge Capital, has raised USD1.45bn from individuals in the United
States and from the Middle East, which it will invest in Chinese
start-ups, the Financial Times reports. The investments will go to
companies in the retail, real estate and agricultural processing
industries. Co-founder Justin Tangtold the newspaper that the company
prefers to invest in rapid-growth companies, with a time horizon for the investments of five years.
Allianz China to Invest in Stock Market
Allianz China Life Insurance has received approval from China's
Insurance Regulatory Commission to invest in the domestic stock market.
The company will be allowed to invest up to 10 per cent of its assets.
Allianz China Life is a joint venture between Allianz AG and China's
CITIC Trust & Investment, and generated total premium income of
RMB3 bn in 2007.
CDB Creates Leasing Giant
China Development Bank has announced plans to invest RMB7 bn in
Shenzhen Financial Leasing, and create China's largest leasing firm.
CDB will hold a 90 per cent stake in the deal, Shanghai Securities News
report.
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