Fund targets Chinese urban water

China's newest infrastructure fund is aiming for solid returns by acquiring existing water and wastewater assets in the operating phase.

A new water infrastructure fund focusing on China and other Pacific Rim countries is to be launched this year, and aims to raise up to $500 million.

The China and Pacific Rim Water Infrastructure Fund will be established by Hong Kong-based First Vanguard Assets Ltd., in partnership with Zhongzhi Enterprise Group (ZEG), a Beijing-based private enterprise firm specialising in water ...

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