China Business News: BOC International plans to launch RMB 1-bln PE fund

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BOC International plans to launch RMB 1-bln PE fund

Jul. 9, 2009 (China Knowledge) - BOC International Holdings Ltd, a wholly-owned subsidiary of Bank of China (BOC)<601988><3988>, plans to set up an RMB-denominated private equity (PE) fund to raise up to RMB 1 billion, said sources familiar with the matter on Wednesday, Reuters reported.The new fund will focus its investment in the media sector in mainland China.The sources said that B

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