China's GF Xinde Investment sets up RMB fund to invest $450m in new energy sector

China's GF Xinde Investment sets up RMB fund to invest $450m in new energy sector

Photo by Andres Siimon on Unsplash

GF Xinde Investment, the wholly-owned private equity (PE) investment unit of Chinese investment bank GF Securities, has set up a new RMB-denominated fund to invest 3 billion yuan (almost $450 million) in the new energy industry.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter