The Shenzhen Capital Group Co. Ltd., a private-equity firm (PE), is seeking permission to launch a fund that will link the primary and secondary equity markets, 21st Century Business Herald reported Wednesday, citing company sources. The fund, named Red Soil Fund, is expected to be the first of its kind offered by a PE Firm in the country, the report said. The China Securities Regulatory Commission could give the go-ahead for the fund in the near future, it said. Meanwhile, several others, including Shenzhen Cowin Capital Co. Ltd., JD Capital Co. Ltd and Sinvo Capital Holding Co. Ltd., are planning to follow in Shenzhen Capital’s footsteps, according to the report.
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