CITIC Capital, the investment arm of Chinese state-owned conglomerate CITIC Group, is raising at least US$2 billion for a new fund to invest in distressed assets in the country’s real estate sector, said its chairman and chief executive at the World Economic Forum in Davos on Wednesday. "We have started a new fund this year […]

CITIC Capital To Raise $2B For Distressed Assets Investment In China appeared first on China Money Network.