Shanghai-based SMC China Fund is rolling out a strategy that will primarily target high-growth, high-profit Chinese companies listed on the soon-to-be launched Growth Enterprise Market (GEM) Board on the Shenzhen Stock Exchange. The board is expected to launch in October, close to the funds 1 October start date.
The new fund will be run by Teddy Cui and overseen by Chingxiao Shao. Launch is expected at $10 million, scaling up to $60 million within three to six months and with a soft-close target of $250 million.
The portfolio will include small- and medium-sized Chinese companies in key sectors