China's Yingke PE secures final close of RMB fund at $150m

China's Yingke PE secures final close of RMB fund at $150m

Shanghai, China. Photo by Liam Li on Unsplash

Yingke PE has raised 1 billion yuan ($150 million) for a new RMB-denominated fund in a sign that fundraising by blue-chip investment companies in China is largely immune to pandemic-induced city lockdowns and business suspensions.