At the invitation of Lingang Special Area Working Committee, Kasikornbank’s Executive Vice President Suwat Techawatanawana (front row, 6th from left) signed an agreement with Deputy CPC Secretary of Lingang’s Working Committee Yuan Guohua (front row, 5th from left), to support private equity investments and technology companies in China under the establishment of a Qualified Foreign Limited Partner (QFLP) investment project in Lingang Special Area, China’s free trade pilot area.
The project will support China’s move to open its market to foreign investment and promote the growth of Chinese technology companies. Meanwhile, the project will also support Kasikorn Vision Co., Ltd. (KVision), Kasikornbank’s wholly-owned investment holding, which has recently been approved for a Private Equity Fund Management Company License with the QFLP quota of RMB 1,500 million.
This marked the first and the only Thai bank to receive such license and quota approval. The signing ceremony was witnessed by Shanghai’s leaders from relevant regulatory bodies and government.