the英语新闻｜Qingdao private equity sector posts strong growth
青岛私募基金管理规模突破1500亿元
增速居全国第5位
Qingdao's private equity industry has shown strong growth momentum as the city is ramping up efforts to build a global venture capital center with many supportive policies, local media reported.
文章图片
The Global (Qingdao) Venture Capital Center [Photo/guanhai.com.cn]
The number of private fund managers, the number of managed funds, and the scale of managed funds are three key indicators to measure the development of a private fund industry in a city, said industry insiders. Since the beginning of this year, Qingdao has been under the spotlight as the three indicators continue to grow.
By the end of October, Qingdao had 436 private equity fund managers registered with the Asset Management Association of China, up 28.99 percent year-on-year. Its number of managed funds reached 1,583, a year-on-year growth of 96.89 percent, while the scale of its fund management stood at 159.86 billion yuan, 17.39 billion yuan more than the previous month.
Source：CHINA DAILY-Charming Qingdao
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