24.11.2011 - CITIC wins cornerstone investor for China second-city strategy

CITIC Capital, the Hong Kong-based fund manager part-owned by China's sovereign wealth fund, has confirmed the Townsend Group as a cornerstone investor for the $225m (€170m) first closing of its China Retail Properties Investment Fund. In an email, Stanley Ching, head of CITIC Capital's retail group, said: "It was very important [to have a cornerstone investor], particularly one representing many pension funds' interests...............................................Full Article: Source

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