First low carbon fund launched in China
The ZheShang Nuohai Low Carbon Fund, which claims to be China’s first dedicated private equity vehicle focused exclusively on the energy conservation, environmental protection and new energy sectors, was formally established at the end of March.
A joint enterprise of ZheShang Venture Capital and 27 partners – all private enterprise owners – the fund has already raised some RMB220 million ($32 million). According to Hua Yeyu, Vice-President...
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