Shenzhen Capital Group, an investment firm based in southern China’s Shenzhen City, has agreed to make a capital commitment of 1.05 billion yuan ($162.1 million) to Shenzhen Shipping Fund, a government-guided fund that invests in the maritime transport industry.
Shenzhen Shipping Fund, a tentative name that is subject to change, targets to raise a total of 3 billion yuan ($463.2 million) and is managed by Chinese equity investment and asset management firm Shenzhen Equator Fund Management, Shenzhen Capital Group disclosed on its website.
