Hillhouse Capital mulls $1.2b yuan fund to tap demand for China exposure

Hillhouse Capital mulls $1.2b yuan fund to tap demand for China exposure

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

Hillhouse Capital Group, an early investor in top Chinese technology firms including Tencent, Baidu and JD.com, plans to raise a new yuan-denominatedfund and is currently pitching it to prospective investors, sources familiar with the plans said.

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