The Shanghai-based venture, Guosheng CLSA (Shanghai) Industrial Investment Management Co., Ltd., will target investments in the environment- and consumer-related, renewable energy and heavy machinery sectors. The fund will favour investments based in, or related to, the further development of the municipality of Shanghai, China.
Deal Type Partnership Sub-Category Joint Venture Deal Status Announced: 2009-08-17
Deal Participants
Partner 1 (Company) CLSA Limited Partner 2 (Company) Shanghai (Group) Company Limited
Deal Rationale
CLSA believes that there is significant growth opportunity in yuan-denominated funds given the growth of the Chinese fund market and the growing demand for consolidation and financing from fast-expanding companies in China. The joint venture advances CLSA's China expansion strategy.

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