Shanghai Industrial Investment Holdings Co., a state-owned company of the local government in China’s metropolis of Shanghai, has launched an industry equity investment fund on Monday to collect up to RMB50 billion (US$7.35 billion) for investments in the city’s biomedical companies. The fund, named "Shanghai Biomedical Industry Equity Investment Fund" in Chinese, is targeting to […]

Shanghai To Collect $7.35B For Its Biomedical Industry appeared first on China Money Network.