OVERSEAS CHINESE INVESTMENT FUND ESTABLISHED IN TEDA
Recently the Overseas Chinese Investment (Tianjin) Fund (Limited Partnership) registered in TEDA. Focused on private equity investment, the Fund aims at funding the projects that enjoy the incentive policies of Tianjin municipal government and the competitive projects in the Circum Bohai region, and meanwhile endeavors to expand China’s investment in resource projects across the globe. The Fund plans to raise a capital of 5 billion RMB yuan.

It is learned that with the strong support of All-China Federation of Returned Overseas Chinese and Tianjin Federation of Returned Overseas Chinese as well as all the Chinese living abroad, relatives of overseas Chinese, and overseas Chinese entrepreneurs, the Fund, with Friedmann Pacific Assets Management Co., Ltd. under Hong Kong based Friedmann Pacific Investment Holdings Limited as the initiator, is jointly set up and run by Friedmann Pacific Assets Management Co., Ltd. and Raiffeisen Zentralbank Österreich AG, in association with overseas central banks, China’s famous enterprises and other institutional investors from home and abroad. In light of China’s relevant laws and policies of supporting the financial reforms and pilot projects in TNCD, Tianjin Administration for Industry and Commerce and the Administrative Commission of TEDA conducted innovation in the registration administration and services and made breakthroughs in terms of name management regulations, so that the Fund quickly completed the registration procedures for its establishment and easily obtained its market entry permit in Tianjin. (Tr. by Dong Jing)

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