Shanghai Free Trade Zone Equity Investment Fund

Shanghai Free Trade Zone Equity Investment Fund

Fund focuses on zone
The Shanghai Free Trade Zone Equity Investment Fund has been established in Shanghai, the first fund in the country focusing on investment in the China (Shanghai) Pilot Free Trade Zone.
 
The fund, which will raise a total of 5 billion yuan (US$806 million) and 1.5 billion yuan in the first phase, was initiated by four state-owned enterprises. They are Shanghai Lujiazui Finance and Trade Zone Development Co, Shanghai Waigaoqiao (Group) Co, China Cinda Asset Management Co and China Orient Asset Management Corp. The fund will invest in modern logistics and warehousing, commercial real estate, cross-border e-commerce, imported goods direct sales center and cultural product trading within the FTZ, said Yang Xiaoming, chairman of the Shanghai Lujiazui Finance and Trade Zone Development.

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