First media-focused Rmb fund formed

    July 01, 2010 | BY

    clpstaff &clp articles

    China's first private equity fund focused on domestic and overseas investments in the media and culture sectors has been formed. China Media Capital…

    China's first private equity fund focused on domestic and overseas investments in the media and culture sectors has been formed. China Media Capital (CMC) is an Rmb-denominated fund formed under PRC law. It has secured 2 billion yuan (US$294 million) in capital commitments from Chinese institutional investors.

    Teams from the Shanghai and Hong Kong offices of Weil Gotshal & Manges acted for the sponsors in the formation of CMC. The team was led by Shanghai partners Kevin Ban and Steven Xiang, and supported by Hong Kong partners Peter Feist and John Fadely.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]