Is Cedar Holdings a private equity fund?

Cedar Holding Group, formerly known as 1997, is one of the most growing private holding groups emerging in the process of reform and opening up in China. In 20 17, the revenue of Cedar Holdings exceeded 22 10 billion yuan, ranking 36th1in Fortune Global 500.

According to Article 14 of Chapter IV of the Interim Measures for the Supervision and Administration of Private Equity Funds, private equity fund managers and private equity fund sales organizations shall not raise funds from units and individuals other than qualified investors, and shall not publicize and promote them to unspecified objects through newspapers, radio, television, the Internet and other public media or lectures, reports, analysis meetings and notices, leaflets, short messages, WeChat, blogs and emails.