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Ping An Asset Mgmt Reportedly Approved to Set Up Private Fund Mgmt Firm w/ Initial Scale RMB30B
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Ping An Asset Management Co., Ltd. has recently received official approval from China's National Financial Regulatory Administration to establish Hengyi Chiying (Shenzhen) Private Fund Management Co., Ltd. (literal translation of "恆毅持盈(深圳)私募基金管理有限公司"), according to what Chinese media learned from Ping An Group. Hengyi Chiying has a registered capital of RMB300 million and is located in Qianhai, Shenzhen. It completed its business registration today (30th). It is understood that Hengyi Chiying will act as a fund manager to issue contract-based private securities investment funds directed at Ping An Life Insurance, with an initial fund scale of RMB30 billion. AAStocks Financial News |
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