Tianjin government launches $14.5b guidance fund
The Tianjin government is looking to raise RMB100 billion ($14.5 billion) for a renminbi-denominated fund intended to stimulate private investment in pillar industries such as high-end manufacturing, information technology and aerospace.
The Tianjin Tianhe Industry Fund has received initial capital of RMB20 billion from the municipal government, with the rest expected to come from private sources. The capital will be used to seed a series...
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