Mr. Fang, chairman of Goldman's Chinese-securities jointventure, will set up the fund to be anchored by Temasek, which isproviding $1 billion. The other $1 billion will be funded byseveral smaller investors, according to one person familiar withthe plan.
The new fund will be geared toward buying stakes in state-ownedChinese companies, another person said. Temasek's board approvedthe funding last month, which ...
BEIJING -- Temasek Holdings Pte. Ltd., Singapore's state-ownedinvestment company, is providing half the funding for a new, $2billion China-focused private-equity fund set up by Goldman SachsGroup Inc.'s China partner, Fang Fenglei.
Word Count: 723|CompaniesFeatured in This Article: Goldman Sachs Group, China ConstructionBank, China Eastern Airlines
By Jason Leow
The $2 Billion China Bet
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