US-China Green Fund to hit first close of $700m fund by year-end

US-China Green Fund to hit first close of $700m fund by year-end

A Benjamin Franklin U.S. 100-dollar banknote and a Chinese 100-yuan banknote depicting the late Chinese Chairman Mao Zedong, are seen in a picture illustration in Beijing

The US-China Green Fund expects to hit the first close of its second RMB-denominated fund, which is seeking to raise $700-800 million, by the end of this year.