A fund seeking to back companies that are expected to benefit from the growing affluence of the middle class in China is planning to float on Aim this month.
Yangtze China Investment is to raise $20m (£10.2m) from Asian investors, including $3m from the management.
It will acquire for $9.39m a portfolio of investments secured last year in three companies.
The investments include a home shopping business that broadcasts on local television channels, a technology for three-dimensional flat screen displays, and a technology being developed for the Chinese tax authorities.
The fund also has a pipeline of further investment opportunities, including memorandums of understanding to invest a further $45m.
It will take up to 45 per cent of the investee companies and will seek board representation. Investments will be spun off or sold on to trade buyers after three to five years.
Yangtze Capital Advisory will be the investment adviser. Collins Stewart is adviser and broker.