Chongqing fund hits hot sector in China – education
Chinese investment firm Huiou (Chongqing) Equity Investment Co. has launched the Education Equity Investment Fund, claimed to be China’s first education-focused fund, aiming to raise RMB5 billion ($735 million) for pre-IPO investments in the sector.
According to World Bank reports, spending on education accounted for 17.8% of total expenditure on consumption of services in Beijing in 2008. With household incomes increasing with local economic growth,...
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