China Everbright Limited Sets Up $288M FOF With Local Government To Boost Industrial Upgrade

News Source: China Money Network.

Hong Kong-based financial services firm China Everbright Limited, an affiliate of Chinese state-owned China Everbright Group, has inked a strategic partnership with a local government in eastern China’s Jiangsu province to jointly launch a RMB2 billion (US$288.72 million) fund of funds (FOF), according to a statement released by China Everbright Limited yesterday.

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