China Everbright sets up $288m fund with local government
China Everbright (CEL) has set up a RMB2 billion ($288.2 million) fund-of-funds with the local government of the city of Liyang in Jiangsu province.
The new vehicle will receive RMB1 billion from the Liyang government via one of its investment arms, while the rest will be from CEL, which will act as manager. China Everbright Bank's branch in Changzhou...
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