China's Chuxin Capital hits first close of debut USD fund at $50m

China's Chuxin Capital hits first close of debut USD fund at $50m

Pedestrians walk along an elevated walkway as an electronic ticker displays stock figures in Pudong's Lujiazui Financial District in Shanghai, China, on Friday, Dec. 28, 2018. China announced plans to rein in the expansion of lending by the nation's regional banks to areas beyond their home bases, the latest step policy makers have taken to defend against financial risk in the world's second-biggest economy. Photographer: Qilai Shen/Bloomberg

Beijing-based early-stage venture capital (VC) firm Chuxin Capital has hit the first close of its debut USD-denominated fund at $50 million, China Money Network reported.

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