View in Other Languages 
Sydney, Aug 27, 2009 (ABN Newswire) - Macquarie Group Ltd. (ASX:MQG) said it has formed a Shanghai-based trust company joint venture with two state-owned companies.
Macquarie, which holds 19.99% in the new venture, can offer yuan-denominated financial products and arrange domestic and equity financing in China. Foreign company is only allowed to invest no more than 19.99% in a Chinese trust company. The two Chinese partners include Beijing Sanjili Energy Co., a state-owned power generation company, and Beijing Rongda Investment Ltd.
The joint venture has an initial capital of CNY300 million, Macquarie said.
Earlier this month, Macquarie Group also formed a joint venture with China Everbright Ltd. (HKG:0165) to set up two funds for investment in infrastructure businesses in the China.
Macquarie, which holds 19.99% in the new venture, can offer yuan-denominated financial products and arrange domestic and equity financing in China. Foreign company is only allowed to invest no more than 19.99% in a Chinese trust company. The two Chinese partners include Beijing Sanjili Energy Co., a state-owned power generation company, and Beijing Rongda Investment Ltd.
The joint venture has an initial capital of CNY300 million, Macquarie said.
Earlier this month, Macquarie Group also formed a joint venture with China Everbright Ltd. (HKG:0165) to set up two funds for investment in infrastructure businesses in the China.
| Tweet |
|
||
|
 |
Related Companies |
>>>    China Everbright Limited>>>     Macquarie Group Limited |
| |
Related Industry Topics: |
Investment Banking | Financial General | |
| |
This Page Viewed: (Last 7 Days: 40) (Last 30 Days: 270) (Since Published: 33440) |
(108100)
Events & Exhibitions
|
Site Search
| ENGLISH All Languages |
Upcoming WebCasts
 | Mr Mark Paton CEO Cue Energy Resources Tuesday, June 12, 2012 |
 | Mr Alan Hopkins CEO Pan Asia Corporation Tuesday, June 12, 2012 |
 | Mr Barry Dawes Martin Place Securities Tuesday, June 12, 2012 |
 | Dr Andrea Grant CEO Living Cell Technologies Monday, July 02, 2012 |
|
China Everbright Limited | ||
|
|||
Companies in the News
Mobile Video TV
|
||
|
||
){kind=link}