San Eng opens first RMB-denominated PE fund in China’s Liaoning province

On May 10th, 2011， SMC Capital China (“SMC3”) officially opened its Dalian office. SMC3’s Dalian Huayuankou SMC fund is the first Joint Venture RMB-denominated private equity fund in Liaoning province, with a total fund size of RMB 600m. Dalian Executive Vice Mayor Xiao Shengfeng and Director of Huayuankou Economonic Zone Management Committee, Dong Chengfa were guests-of-honor at the opening ceremony.