China Everbright Limited (“Everbright”, stock code: 165.HK) held a signing ceremony with Hunan Caixin Financial Holding Group Limited (“Caixin Financial”). The two parties have signed a Limited Partnership Agreement on 8 August, to establish the Hunan-CEL investment fund with a targeted size of RMB 5,100 million, for which Caixin Financial subscribed RMB 2,500 million on behalf of Hunan Emerging Industry Fund and Everbright subscribed RMB 2,600 million (RMB 2,500 million from its LP and RMB100 million from its GP). The Fund will be managed by the team of Everbright with extensive experience and professional fund managers.

Hunan-CEL investment fund will focus on the investment opportunity in advanced manufacturing, information technology and biotech in Hunan. With the advantage of its fund capital and Everbright’s capital strength, the investment fund will invest in sub-funds raised by remarkable fund management companies in China and abroad as an LP to jointly explore outstanding investment projects and opportunities .

First time co-operation with a cross-border asset management platform

As the managing company of Hunan Emerging Industry Fund of RMB 20 billion, Hunan Caixin Financial Holding Group Limited manages 37 wholly-owned or subsidiaries, and holds 13 financial licenses in the field of trust, securities, life insurance, bank, asset management, funds, SEHK, stock exchange, gold exchange, insurance agent, pawn, guarantee and futures, as well as one bank shares and controlling shares of two listed companies.

Hunan-CEL investment fund is the first project contributed by Hunan Emerging Industry Fund, an outcome of cooperation between Hunan government guidance fund and cross border asset management platform for the first time. The investment fund aims to carry out extensive cooperation in the emerging industry with the support of domestic and global resources, as well as Everbright’s extensive experience in cross border asset management.,.

Fund of Funds (FoF)

Since the establishment of FoF in 2015, it has a proven track record of good performance. Everbright is managing 3 FoF with a total size of RMB 15.1 billion. The FoF combines Everbright's diversified platforms for investment, financing, management and withdrawal as well as strengths in strategic investment as a visionary central enterprise; with its partner's solid financial strength and extensive experience in asset management. The FoF is therefore able to generate stable returns with controllable risks through multi-strategy and comprehensive asset allocation.

With its outstanding investment management capability, Everbright’s FoF attained “Top 30 PE Firms in China” by Zero2IPO Research in 2017.