Launches & Closures

Changjiang China equity vehicle secures $50m key initial anchor investment

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China-based Changjiang Asset Management (HK) is launching a long/short Greater China equity fund in March after securing $50 million seed money from a private equity fund and also from Japanese and mainland China investors.

The China-based Hong Kong company is wholly owned by Changjiang Securities Co, which is an A-share listed Hubei-based securities firm in mainland China managing more than Rmb 30 billion ($4.7 billion) in assets.

The Hong Kong asset management arm was recently granted a Type 4 and Type 9 licence by Hong Kong’s Securities and Futures Commission and hopes to scale the size of the