HNA unit to lead two funds worth $3.2b linked to China's Belt and Road

HNA unit to lead two funds worth $3.2b linked to China's Belt and Road

The HNA Group Co. building, right, stands in Beijing, China, on Thursday, Feb. 1, 2018. Photographer: Giulia Marchi/Bloomberg

Chinese conglomerate HNA Group’s unit HNA Capital said it will lead two funds totaling 20 billion yuan ($3.17 billion) that will focus on investments linked to the ambitious Belt and Road initiative of the world’s second-largest economy.

Through these two funds, HNA Group’s financial arm will prioritise projects in the infrastructure, financial services and high technology sectors across Greater China and Southeast Asia, it said in a statement on Tuesday.

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