H&Q Asia to Expand China Investment to $600 million

 

H&Q Asia Pacific Ltd., a private equity firm, will double its investments in

China

to $600 million in three to five years, The Standard reported, citing Hsu Ta-lin, the founder and chief executive of H&Q.

 

H&Q is raising more money to invest in

China

's technology sector, financial companies and branded consumer business, the paper said. The private equity firm manages $2.1 billion of funds, the paper said.

 

The private equity firm in 1998 helped bring Starbucks into China, where the global coffee chain now has about 140 stores. H&Q also invested in Semiconductor Manufacturing International Corp.,

China

's top chipmaker, the paper said.