A renminby denominated Chinese fund which has access to onshore Chinese credit market has explored opportunities in investing in private and listed equity in Sri Lanka.

A brief statement by the Securities and Exchange Commission said officials from China Highland Capital Management (HCM) recently paid a courtesy call on the officials of the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE).  

“The visit was made to explore the possibilities of investing in private equity, listed equity and the debt market in Sri Lanka and another country in the Asian region,” the statement said.

The delegation from the Highland Fund included Randy Xu, Director, Daniel Zhou, Managing Partner, Danny He, Partner.  

The officials of the SEC and CSE comprised of Dr. Nalaka Godahewa, Chairman, SEC, Lolitha Abeysinghe, Commission Member, SEC, Dhammika Perera, Deputy Director General/ Officer- in- Charge SEC and Krishan Balendra, Chairman, CSE.

HCM is incorporated in Yunnan and has been raising RMB capital from financial institutions, state owned enterprises and leading domestic organizations in China.  

HCM’s investment strategy principally focuses on Asia and targets firms that are positioned to benefit from growing Chinese demand. Key sectors of focus include tourism and leisure, industrial and commercial real estate, financial institutions, agriculture and natural resources.