On December 3rd, Morgan Stanley and the Hangzhou Municipal People's Government signed a memorandum of understanding on the establishment of a RMB private equity investment fund and its management company in Hangzhou. It is understood that Morgan Stanley and the Hangzhou Municipal Government signed the Memorandum of Understanding between the Hangzhou Municipal People's Government and Morgan Stanley on Strengthening Cooperation in the Field of Financial Services in Hong Kong in early 2010. Regarding the establishment of a RMB fund in cooperation with the Hangzhou Municipal Government, Natejie, the head of Morgan Stanley ’s investment management international business, said that Morgan Stanley will use its own experience and resources to promote and expand the broad development space for cooperation with Hangzhou. . Yang Xubiao, member of the Standing Committee of the Hangzhou Municipal Committee and Executive Deputy Mayor, said: "Morgan Stanley and the Hangzhou Municipal Government have a good history of cooperation and successful experience. We hope that through this multi-win cooperation, we will use RMB funds as a platform to guide private investment and promote local Economic transformation and upgrading, driving the development of the local equity investment industry and other aspects play an important role in making a positive contribution to Hangzhou's acceleration of economic development mode transformation, the construction of a multi-level capital market, and the creation of a regional financial center. The above information source "Venture Investment" is authorized by the China Venture Capital Research Institute (CVCRI) to publish it. All rights reserved. Please indicate the source when reprinting. For more information, please click download to view all articles.
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