Infinity Group has rolled out the Chongqing Infinity Funds. The funds will be in both renminbi (RMB) and U.S. dollars, and have been set up jointly by Infinity Group and the Chongqing Banan District People’s Government.
The Chongqing Infinity RMB Fund is the 11th city-level RMB fund of the group and its first fund in China managed by its wholly foreign-owned enterprise. The target size of the RMB Fund is $940.14 million. The dollar fund has a target size of $1 billion.
Click here for the release from PR Newswire.