China's first domestic women's fund, Hua Mu Lan Fund was officially launched in Beijing on May 30, 2009.
With a start-up funding of RMB30.00M, the Fund aims to raise RMB500.00-RMB1.00B during the initial period. The Fund charges a management fee of 2% of the committed capital, with a timeframe of 1-3 years for each investment.
The initiating partner of the Fund has rich expertise in corporate management and financial capital operation. Considering the problems and difficulties women face in starting an enterprise and employment, Hua Mu Lan Fund will give priority to investing in enterprises started by female entrepreneurs and is devoted to providing job and entrepreneurial opportunities, said Han Dongmei, chairwoman of the Fund.
With an aim to maximize the social value of the enterprises, the Fund will closely follow government policies and primarily invest in industries supported by the government, such as commercial property, medical care and health, modern agriculture, consumer chains, culture and media, energy conservation and environmental protection, Han added.
Hua Mu Lan Fund plans to invest in 100 projects in three years, and some female entrepreneurs from quake-stricken areas in Sichuan Province have secured the first funding.
