Date
28 July 2017
Li Yinquan says the new funds will raise the total under China Merchant Capital's management to 50 billion yuan. Photo: HKEJ
Li Yinquan says the new funds will raise the total under China Merchant Capital's management to 50 billion yuan. Photo: HKEJ

China Merchants Capital to launch 10 funds worth 20 bln yuan

China Merchants Capital is planning to launch 10 funds worth a combined 20 billion yuan (US$2.58 billion), the Hong Kong Economic Journal reports.

That would bring the total under management to 20, valued at 50 billion yuan, general manager Li Yinquan said.

Five of these funds are denominated in US dollar and managed out of Hong Kong.

These are mostly owned by financial institutions in Britain, Japan, Hong Kong and the United States.

The rest of the funds are in renminbi which the company manages on behalf of high net worth individuals, Chinese state-owned enterprises, local governments, private companies and banks.

China Merchants Capital said its annualized rate of return was 8 percent to 30 percent last year, mainly from investment in the financial services, property, new energy, banking and cultural sectors.

More than 80 percent of the investment was conducted in the mainland. 

[Chinese version中文版]

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