MUFG has been the most aggressive Japanese lender in snapping up overseas assets, as it diversifies business and expands in markets such as Southeast Asia to counter rock-bottom interest rates at home.
It is planning to examine coking coal development, power plant construction and smelting factory construction projects, too.
The fund is denominated in RMB, Hong Kong dollar and Macau pataca, and is open for public subscription until April 8.
The fund invested alongside Goldman to buy Boyd Corp, a Pleasanton, California-based manufacturer of rubber seals and gaskets, for $3 billion last September, the sources said.
“Those fears are receding a bit, partly because it looks like a deal is achievable and partly because China has taken relatively modest actions to re-stimulate its economy,” he said.
Supply chain finance solutions continue to resonate for clients, feeding CFOs and treasurers' need to unlock working capital, either through supplier or distributor financing
Banks from India, Indonesia, Russia, Turkey, Georgia, a raft of Chinese issuers across sectors, and issuers from frontier markets
A review of Hong Kong-based cash equities execution identified personal conduct that did not meet our standards and we have taken appropriate action,” the U.S. bank said in a statement to Reuters on Saturday.