Singapore’s Tembusu to launch at least RMB1bn of China funds after securing first QFLP status for Guizhou Province
Singapore-based private equity investor Tembusu Partners is to launch several investment funds totalling at least RMB1.0 billion (SGD205.6 million) after securing the first Qualified Foreign Limited Partner (QFLP) status awarded to a foreign fund management firm in China’s Guizhou Province. The pan-Asian investment firm also announced the appointment of Lim