Hopu Investments raising $2.5 bln fund to tap demand for China exposure, say sources: Reuters [Reuters]
MITSUI & CO LTD ADR (MITSY)
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Source: Reuters
| Hopu Investments raising $2.5 bln fund to tap demand for China exposure, say sources: Reuters US Edition (daily) Canada Edition (weekly) I accept the Terms and Conditions Chinese private equity firm Hopu Investments is targeting raising up to $2.5 billion in a new dollar fund to capitalize on the country’s state sector reforms and its growing consumer industries, sources told Reuters. Chinese private equity firm Hopu Investments is targeting raising up to $2.5 billion in a new dollar fund to capitalize on the country’s state sector reforms and its growing consumer industries, people with knowledge of the matter said. The capital-raising is the latest in a series by China’s homegrown private equity firms and comes as they have increased their dealmaking over the past two years. China is stepping up efforts to reform its bloated state-owned enterprises by streamlining their activities – a strategy bankers and private equity executives expect will produce a series of spin-off
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