China-backed US Financial Firm Launched – Jeremy Grant

From Financial Times:

A group of US and Chinese people on Wednesday unveiled the first US financial services firm to be co-owned by Chinese interests.

HuaMei Capital Company , as the joint venture firm is known, will be based in and Beijing, highlighting the growing links between and the US Midwest. It will offer risk management and private equity services for US and other , as well as for “the growing number of Chinese firms with authority to invest offshore”, its founders said. [Full Text]

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