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CapitaLand obtains registered private equity fund manager status in China to carry out RMB-denominated capital raising

Atiqah Mokhtar
Atiqah Mokhtar6/24/2021 08:05 AM GMT+08  • 2 min read
CapitaLand obtains registered private equity fund manager status in China to carry out RMB-denominated capital raising
CapitaLand targets to launch its first RMB-denominated fund product in 4Q2021.
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CapitaLand has registered as a private equity fund manager (PEFM) with the Asset Management Association of China (AMAC) to carry out RMB-denominated capital raising, as well as provide fund management services for prospective RMB funds in China.

CapitaLand says it is one of a select few wholly foreign-owned enterprises to have obtained the registered status as a PEFM in China.

“As China develops into one of the world’s largest asset management markets in the next few years, we see tremendous potential to tap the market liquidity for scaling our investment management platform. Our registration as a PEFM in China is thus a timely development that will also provide a boost to CapitaLand’s transition towards an asset-light and capital-efficient business model,” says Lee Chee Koon, group CEO of CapitaLand Group.

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