China: New auto investment fund aims to raise US$4.6bn

The Shanghai Automotive Industry Fund, a joint venture between the China Machinery Industry Federation and the Jiading district government in Shanghai, aims to raise Yuan 30bn (US$4.6bn), launching operations with a first-phase investment of Yuan 5bn. It hopes to close its first deals in August although the Financial Times (FT), reporting It’s time to log … Continued

• By Webmaster
• July 26, 2011