Agricultural Bank of China Plans $2.3B Fund
The Agricultural Bank of China is partnering with the Chinese city of Wuxi on a 15 billion yuan ($2.3 billion) private equity fund to invest in high-growth sectors such as logistics and energy conservation, Reuters reported Wednesday. The Agricultural Bank of China is the country’s third-largest lender by assets. The fund will be based in Wuxi, which is near Shanghai.
Bycnolan
29 June 2011•1 min read
