China's commercial banks are entering the emerging sectors via partnerships with private equity institutions.
This August, Beijing-based China Minsheng Banking established a partnership with DE Shaw Group, an institution engaged in energy investment.
Both sides agreed to cooperate in the field of RMB private equity investment and Minsheng Bank said that it would raise fund for the private equity partner from customers of its private banking service.
Another lender, China Construction Bank, is setting up a medical health industry fund, the first one of its kind in China's domestic market. Private banking customers are expected to make a direct investment in the fund.
China's 12th Five-Year Plan states that emerging sectors include the environmental protection, next-generation information technology, advanced equipment manufacturing, new energy and new material industries.
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