On the conference about Yangtze River Assets and Equity Exchange Common Market that held days ago, Shengli Ren, President of Jiangxi Assets and Equity Exchange Center, disclosed that the center will strengthen its cooperation with PE funds. Currently, the center is working towards launching its first RMB100M PE fund, with a view to officially operating within the first half of this year.

Mr. Ren said the center plans to establish a partnership company, invite professional fund management team to act as general partners, and engage several enterprises to act as limited partners. The partnership company will firstly raise RMB100M to conduct PE investment pilot. Jiangxi Assets and Equity Exchange Center will work as the investment advisor.

"The partnership enterprise will officially operate in the first half, not later than July or August," said Mr. Ren.