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What our members have to say...
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"The service provided by Angel Investment Network has put us in touch with a business angel with great personality who was able to evaluate the deal travel from Ireland to sign it and transfer money at great terms agreeable by all parties in less than 10 working days. A BIG thank you to everyone in Angel Investment Network."
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China launches 20 bln yuan cultural private equity fund
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China has launched a government-backed private equity fund aiming to raise 20 billion yuan ($3 billion) to invest in cultural industries such as media publishing, film and broadcasting, Internet entertainment and leisure, the Shanghai Securities News reported on Thursday.
The fund plans to raise 6 billion yuan initially, with its four sponsors including the Ministry of Finance and BOC International having already committed a combined 4 billion yuan, the newspaper said.
The fund, which was in touch with potential investors such as the national welfare fund, had already agreed to invest in China Publication Group and Xinhuanet.com, the report said. ($1 = 6.468 yuan). |
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