Tuesday, January 25, 2011

Huawei, China's largest investment 500 million yuan for the first time the mother Fund

 1 25, three sources told reporters on the phone, China's largest telecommunications equipment manufacturer Huawei Technologies Co., Ltd. (hereinafter referred to as Huawei) has been with the National Development Bank (the CDB) of the country's master record Fund investment agreement signed in the near future, the agreement funded 500 million yuan, which is Huawei's first investment home fund.

2010   12 28, China Development Bank announced the establishment of the national record 600 billion yuan size mother of the Fund, this is the first female state-level large-scale renminbi fund (Fund of Funds, funds of funds) by State CDB's in the country for financial limited liability company (hereinafter referred to as the China Development Finance) and co-sponsored by Suzhou Ventures Group, will invest primarily in mainland China equity funds on the market.

management platform under the Master Fund PE Fund and the VC funds two sub-sections, the name of New Century were created for the country equity funds and the National Venture Capital Yuan Ho Chong, the scale of 400 billion, respectively, 200 billion.

three described above, said Huawei is the national record in the first phase of 15.0 billion home to raise funds, and funded by the respective proportions of funding under the two sub-funds. Where PE sub-Fund 100 billion, the country 5.0 billion to open the financial commitment of funds to invest in industry consolidation, M & A equity investment fund; VC Sub-Fund 50 billion, 3.0 billion Suzhou Ventures commitment of funds to invest in early and focused growth stage venture capital fund investments.

were the National Social Security Fund Council, Asia's largest by assets, China Life Insurance Company (601628.SH/02628.HK) and the China Reinsurance Group.

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