CICC Capital partners Taiping Financial to launch $1b investment fund

CICC Capital partners Taiping Financial to launch $1b investment fund

CICC Capital, Taiping Financial tie up to launch fund to support startups in the Greater Bay Area.

CICC Capital, the investment arm of China International Capital Corporation Limited, is partnering with Taiping Financial Holdings Company Limited (Taiping Financial), a unit of state-owned China Taiping Insurance Group Ltd (China Taiping), to launch a USD-denominated investment fund to support startups in the Greater Bay Area.