Media: Shenzhen city partners with insurers to set up $5.75 bln fund - Shanghai Securities News

China Taiping Insurance Holdings

26/09/2023 13:00

BEIJING, Sept 26 (Reuters) - Source link: https://news.cnstock.com/news,bwkx-202309-5128763.htm

- The government guidance fund in China's tech hub Shenzhen is
partnering with China Life Insurance, China Taiping Insurance
and Ping An Insurance to set up a fund that will invest in the
city, with the first phase of the fund at the size of 42 billion
yuan ($5.75 billion), the state-backed Shanghai Securities News
reported on Tuesday. 

- Note: Reuters has not verified this story and does not vouch
for its accuracy

($1 = 7.3091 Chinese yuan renminbi)

 (Reporting by Beijing newsroom)
 ((Ella.Cao@thomsonreuters.com;))