Venture Capital Firm Founded in Shenzhen

Source: Business in Asia Today

Beijing (ANTARA News/Asia Pulse) - China's largest venture capital investment management firm under limited partnership, Shenzhen Oriental Fortune Capital (OFC) was recently established in Shenzhen, Guangdong Province, with registered capital of 900 million yuan (US$121 million).

Currently, OFC manages 900 million yuan in domestic funds and one 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 now, including four in Shenzhen.

[More Guangdong News]

Editor: Helena Zhang