China's V-Capital debuts new RMB fund, targeting to raise $310m

China's V-Capital debuts new RMB fund, targeting to raise $310m

Shanghai, China. Source: Ralf Leineweber/Unsplash

Chinese private equity firm V-Capital on Thursday launched a new RMB-denominated fund, targeting to raise a total of 2 billion yuan ($310.2 million) to invest in industries on the tailwind of favourable government policies.