China-focused CMC Capital targets to raise $700m across three new RMB funds

China-focused CMC Capital targets to raise $700m across three new RMB funds

Shanghai, China. Photo by Freeman Zhou on Unsplash

China-focused CMC Capital Partners, founded by the country’s media mogul Li Ruigang, is in the process of closing three Chinese yuan funds targeting a total of 5 billion yuan ($700 million).

Edited by: Joymitra Rai