Others News
- Venture capital firm founded
Date: 15-Nov-2007 Sources: (Shenzhen Daily)
CHINA'S largest venture capital investment management firm under limited partnership, Shenzhen Oriental Fortune Capital (OFC) was recently established, with registered capital of 900 million yuan (US$121 million).
Currently, OFC manages 900 million yuan in domestic funds and US$50 million in overseas funds. 'All the capital under management comes from private sources, and OFC will focus on information technology, medicine, new energy and environmental protection business as well as consume products,'said Chen Wei, the chairman of OFC. Statistics show that China has 10 venture capital investment firms.
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