Baird Private Equity Invests in China
Chicago-based Baird Private Equity said it will set up an investment team in Shanghai to identify potential ventures. The company will invest in Chinese companies that have pre-tax profits of USD3-5m and have "meaningful growth potential," Chicago Business News said quoting the company's Principal Brett Tucker. The first deal is expected to be completed before June. Baird already has five funds in the United States, UK and Germany with a total investment of USD1.1 bn.
Three New Mutual Funds Approved
The CITIC Prudential Fund Management Co, Fullgoal Fund Management and Wanjia Asset Management have all received approval from China's securities regulator. The new funds will invest in stocks and bonds byraising RMB30 bn, New York-based International Business Times reports. The Chinese government already approved three funds in February that will add RMB100 bn to the stock market.
News & Interviews 
(0 vote)
