State-owned firms launch fund to raise $71m for China's Greater Bay Area

State-owned firms launch fund to raise $71m for China's Greater Bay Area

A group of Chinese state-owned companies have set up an industry fund, aiming to raise a total of 500 million yuan ($71 million) to develop the Greater Bay Area, an integrated economic and tech innovation hub comprising Hong Kong, Macau, and nine cities in southern China.

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