Chinese fund to invest $7.4bn in private equity

A Chinese sovereign fund could invest as much as $7.4 billion in the private equity industry.

The National Council for Social Security Fund, a pension fund, said Beijing had approved its decision to invest up to 10% of its assets in private equity and industry investment funds.

Bloomberg, an information agency, put the fund's wealth at $74 billion. Xinhua, China's state-owned news agency, said the fund was worth almost Rmb500 billion ($71.9 billion) at the end of 2007.

Dai Xianglong, the gove

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: