D Capital Registered as PE Fund Manager
2014-03-26
On March 25th, Asset Management Association of China held the certification ceremony for the second batch of private equity fund managers. 50 PE fund management institutions, including JD Capital Co., Ltd., were issued with the registration certificate of PE fund managers and became financial institutions entitling to launch PE portfolio investment, equity investment, and venture investment.
Including PE funds under the supervision of national laws and regulations would not only do goods to the healthy development of private equity fund industry in China, but also promote more impartial competitions among PE funds, thus beneficial to the big picture of the whole asset management industry.
Registration of PE fund managers as a new type of financial institutions is one of the important measures to regulate the development of private equity funds and a major support to the industrial development of PE funds. As one of the largest PE firms in China, JD Capital is always committed to the improvement of investment and management capabilities and value generation for investors and enterprises being invested. While taking initiatives in serving the entity economy with PE fund service and encouraging innovation and entrepreneurship, it also emphasizes self-discipline, integrity and practices abiding by the law, persisting in the basic principles of private equity, adequate investor management as well as raising funds from qualified investors. In the meantime, JD Capital reckons that PE firms should always stick to development towards professionalization and keep learning and innovation to promote the development of asset management industry, striving to be an important driving force of social and economic development.
According to the announcement of Asset Management Association of China, there are 30 private securities fund managers and 20 private equity fund managers(including ventures). Of the 50 institutions, 16 are based in Beijing, 13 in Shanghai, 8 in Shenzhen, 5 in Tianjin, 3 in Jiangsu, 2 in Guangdong, and one in Zhejiang, Fujian and Chongqing respectively.