From: Shanghai Securities News
Compiler: http://www.fundcn.org

Reporter learned yesterday, Tianjin Property Trading Center will work with the British company MTM build only the first domestic “property fund” The Fund’s principal investment in the state-owned enterprises restructuring and asset integration. Has been reported by the relevant provisions of the relevant state departments for approval.

It is understood that the Chinese and British sides had signed a “Letter of Intent” The property fund will be both the Chinese and British Governments set up a fund management company to conduct business management, The newly established company registered capital of 50 million yuan, of which the Chinese side holding 51%, the British side as CEO, the first in China to raise not less than 500 million yuan shares in the fund, by the British after in the international market Public-100 million U.S. dollars of fund shares.

Public records indicate that the British MTM Company is the UK’s Financial Services Authority authorized and regulated professional fund management companies, Headquartered in London, with offices in Beijing. MTM company’s senior management and senior adviser to the Committee from the world’s top financial institutions. MTM company is currently managing a total of 500 million euros in China funds and a 300 million U.S. dollars of Chinese high-tech products Industry Investment Fund.

Copyright Fund China 2008.

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