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Fund
Aggregate AuM of hedge funds in Hangzhou's 5 villages records nearly RMB 2 trl
CKN
2018/07/27 08:34:58
3,702
Yuhuangshannan, fund, Hangzhou

Jul 27, 2018 (China Knowledge) - According to the latest data from Hangzhou, as of the end of June, Hangzhou's five financial villages or districts represented by Yuhuangshannan Fund Village have gathered more than 4,700 financial service institutions, and the assets under management are nearly RMB two trillion.

Among the five finance districts and villages, Baishaquan M&A Financial District has now become an important hub for many medical and health funds and institution investors. The Zhejiang Great Health Industry Fund, a multi-billion-level investment M&A fund jointly sponsored by Dean Diagnostics, Tongce Medical and other listed companies in the medical and health industry, has entered the market this year, prompting the industrial agglomeration effect. Apricot Capital, Renfu Medicine, Zhonghai Medicine, and Sinopharm Holding, which are engaged in medical and health fields, have settled in the dynamic village too.

Zhong Jie, a partner and managing director of Zhejiang Great Health Industry Fund, said that the reason why he settled in Baishaquan's acquisition of financial districts was that the polices for are quite supportive with satisfactory operational services. Besides, there are many peers and business partners in this district as well, leading to better information exchange and synergy. According to statistics, Baishaquan M&A Financial District has introduced 30 new financial enterprises in H118 with incremental AuM of RMB 26 billion as well as tax collection of RMB 55 million.

Hangzhou Financial Office said that Hangzhou's finance districts and villages are playing key role in building connections between financial resources and real economy industries. Taking Yuhuangshannan Fund Village as an example, as of June this year, there are 2,722 financial institutions in this village with aggregate asset management scale of RMB 1,120 billion. The small village has invested RMB 380 billion into the real economy with 1,418 deals and 110 IPOs.

Zhong Jie, a partner and managing director of Zhejiang Great Health Industry Fund, said that the reason why he settled in Baishaquan's acquisition of financial districts was that the polices for are quite supportive with satisfactory operational services. Besides, there are many peers and business partners in this district as well, leading to better information exchange and synergy. According to statistics, Baishaquan M&A Financial District has introduced 30 new financial enterprises in H118 with incremental AuM of RMB 26 billion as well as tax collection of RMB 55 million.

Hangzhou Financial Office said that Hangzhou's finance districts and villages are playing key role in building connections between financial resources and real economy industries. Taking Yuhuangshannan Fund Village as an example, as of June this year, there are 2,722 financial institutions in this village with aggregate asset management scale of RMB 1,120 billion. The small village has invested RMB 380 billion into the real economy with 1,418 deals and 110 IPOs.

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