China Everbright Limited, a Hong Kong-based financial services affiliate of state-owned conglomerate China Everbright Group, has teamed up with the local authorities in eastern China’s Taizhou city to set up a new fund for healthcare investments in the region.
The new fund, whose name can be translated into “Taizhou-Everbright Healthcare Industry Fund,” already reached the first closing with 1 billion yuan ($142 million) in capital commitments. The fund has targeted to collect an aggregate of 2 billion yuan ($284 million), according to a recent statement.
