China Life to support Suzhou infrastructure fund
China Life has partnered with the government of Suzhou to roll out a RMB10 billion ($1.6 billion) infrastructure fund. It said to be the first private equity infrastructure fund launched by a domestic insurer.
China Life and Suzhou International Development Venture Capital Holding will contribute RMB3 billion and RMB6 billion, respectively. The remaining RMB1 billion will be raised from social funds. "The...
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