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With registered capital of CNY 200 million, the fund is registered in Pudong New Area, an emerging economic region in Shanghai. With an initial scale of CNY 8 billion, the fund is mainly sponsored by Shanghai International Group and China International Capital Corporation (CICC), a leading investment bank in the nation. A firm called Jinpu Industrial Investment Fund Management Co., Ltd., which is created for the management of the fund, opened for business on August 4, 2009. With a maximum scale of CNY 20 billion, the fund will take part in the Chinese financial industry and other industrial regrouping, shareholding reform, listing, and merger and acquisition (M&A).
Source: dycj.ynet.com (August 05, 2009)
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