China's CITIC plans $874m educational-focussed investment buyout funds

China's CITIC plans $874m educational-focussed investment buyout funds

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

CITIC Securities Merger and Acquisition Industry Investment Funds Management Co Ltd, a unit of China’s financial services firm CITIC Group, is planning to launch RMB 6 billion ($874.6 million) educational industry investment buyout funds, the company said in a statement.

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