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CCB Intl to launch $1 bln HK private equity fund
December 9, 2009 / 2:20 AM / 8 years ago

CCB Intl to launch $1 bln HK private equity fund

SHANGHAI, Dec 9 (Reuters) - CCB International (Holdings) Ltd, a wholly owned investment banking arm of China Construction Bank Corp (0939.HK) (601939.SS), is close to launching a $1 billion private equity fund in Hong Kong, CCB International CEO Hu Zhanghong told a conference on Wednesday.

The private equity fund is planning to take a 15 percent stake in Bank of Shanghai, Hu told reporters on the sidelines of the conference. HSBC (0005.HK) (HSBA.L) also holds a stake in unlisted Bank of Shanghai. (Reporting by Samuel Shen and Edmund Klamann; Editing by Jonathan Hopfner)

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