The insurance firm has partnered China International Capital Corporation on a vehicle that will invest in companies situated in China's Bay Area.

Taiping Financial Holdings, a subsidiary of China-based, state-backed insurance firm Taiping, is joining investment bank China International Capital Corporation’s CICC Capital unit to form a $1bn investment fund, DealStreetAsia reported today. TP-CICC GBA Investment Master Fund will invest in companies located in China’s Bay Area, which encompasses 11 metropolitan centres including Guangzhou, Shenzhen and Hong…

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