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Shanghai Industrial Investment to Launch $7.3 Billion Biomedical Fund Next Year

publication date: Dec 28, 2018

Shanghai Industrial Investment, a state-owned conglomerate, plans to launch a $7.3 billion equity fund for China biopharma investments. The company plans to begin raising $1.5 billion in January for the fund's first tranche. Few details about the fund are available; its existence is known only because Jun Zhou, CEO and chairman of Shanghai Industrial, announced the fund at the ninth State-Owned Assets Summit in Shanghai. Shanghai Industrial Holding, the parent organization, is majority owned by the Shanghai Municipal Government. More details....

Stock Symbol: (HK: 363)

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