The Beijing municipal government is in the process to establish a Zhongguancun industry M&A fund-of-funds with targeted fundraising total of RMB30 billion (US$4.5 billion), according to Chinese media reports. The fund-of-funds will pool capital from a mixture of government and private entities, including Beijing Haidian M&A Guide Fund, a Haidian state-owned assets unit, unnamed public […]
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