China's Dajia Insurance Group sets up $728m PE fund to invest in elderly care

China's Dajia Insurance Group sets up $728m PE fund to invest in elderly care

Photo by Harli Marten on Unsplash

China’s Dajia Insurance Group has launched its first private equity (PE) fund at 5 billion yuan ($728.1 million) to invest in the equities of healthcare and elderly care providers looking to serve an ageing population in the world’s second-biggest economy.

Edited by: Pramod Mathew

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