Finance / China
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Dubai International and China's First Eastern Raise US$1bn Fund
April 2008 | Top StoriesSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Dubai International Capital (DIC) and China's First Eastern Investment Group jointly announced on April 14 the launch of a new fund that aims to raise US$1bn. The fund, called China Dubai Capital, will invest in Chinese companies with a possible eye to an eventual Dubai listing. The fund underlines the growing economic ties between the two emerging markets.