China’s CICC Capital sets up $414m green carbon PE fund

China’s CICC Capital sets up $414m green carbon PE fund

Woman holds Chinese Yuan banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

CICC Capital, a unit of investment bank China International Capital Corp (CICC), has teamed up with insurance group China Pacific Insurance and state capital investors to launch a green carbon fund targetting to raise just over 3 billion yuan ($413.6 million).

Edited by: Pramod Mathew

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