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'Fund' Visit:
11 Jul 2013 08:49:26
China based 'Highland Fund' to enter Sri Lanka


Jul 11, 2013 (SLBO) - Officials from China Highland Capital Management (HCM), a China-based discretionary investment management company paid a courtesy call on the officials of the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE). The delegation from the Highland Fund included Randy Xu - Director, Daniel Zhou - Managing Partner, Danny He - Partner. The officials of the SEC and CSE comprised of Dr. Nalaka Godahewa - Chairman, SEC - Lolitha Abeysinghe, - Commission Member SEC, Dhammika Perera - Deputy Director General/ Officer- in- Charge SEC and Krishan Balendra - Chairman, CSE. The visit was to explore the possibilities of investing in private equity, listed equity and the debt market in Sri Lanka and another country in the Asian region.

China Highland Capital Management manages a Renminbi (RMB) denominated private equity fund permitted to invest its funds outside of China while at the same time being able to access onshore Chinese credit markets for financing. HCM is incorporated in Yunnan and has been raising RMB capital from financial institutions, state owned enterprises and leading domestic organizations in China. HCM’s investment strategy principally focuses on Asia and targets firms that are positioned to benefit from growing Chinese demand. Key sectors of focus include tourism and leisure, industrial and commercial real estate, financial institutions, agriculture and natural resources.