Of Special Interest
- Financial wellness affects half of peoples’ mental or physical health, finds report
- Study finds traditional financial institutions embrace Fintech disruption
- Grass is greener for environmentally friendly businesses, finds Barclays
- Prospective homeowners would consider a 40-year mortgage to escape renting, finds Santander
- Millennials’ needs are changing the face of banking industry, says new report
- FS is putting consumer data at risk by failing to protect mobile apps, says Arxan
- A lack of belief in their ability holds 28% women back in work, says Cambridge & Counties
- ‘Which?’ reveals Scotland has lost over a third of its bank branches in eight years
- Next downturn unlikely to be as bad as 2008, according to S&P
- FCA reveals findings from first cryptoassets consumer research
- US consumers favour single mobile app for banking and payments
- Banks suffering major IT shutdowns every day, ‘Which?’ reveals
- The US will be a key offshore centre in 2019, says GlobalData
- Debit industry changes markedly in 10 years of the Debit Issuer Study
- UK's ‘Big Five’ face ‘too big to compete’ as small challengers secure stellar returns
- Banks as vulnerable now as before crash, says new study
- Leverage ratio a constant conundrum for European and US banks, says SNL
26th July 2011
Rothschild investing Chinese funds in other countries
J. Rothschild Creat Partners intends to raise Y5bn (€539m £476m $776m ¥60.8bn)in China to invest in other countries this year. The joint venture between RIT Capital Partners, Creat Partners and Quercus Associates in only the second time the authorities in China have permitted a fund to raise Renminbi (Yuan) in China with the intention to invest abroad.
RIT Capital remains chaired by Lord Jacob Rothschild, now 75 years old.
Rothschild's in various guises has been trading in China since the 1830s and it is believed that it was Lord Jacob's personal involvement that persuaded the authorities to grant the necessary permissions. China's stock markets are currently depressed and inflation is above interest rates creating a difficulty for those seeking to gain a return on their money by investing domestically. It is also perhaps a sign of the central authorities gradualist approach testing the advantages of such funds on a relatively small scale.