Chinese Local Govt Teams Up With Insurer Taikang To Raise $2.97B For Healthcare Fund

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The local government in central China’s Wuhan city has teamed up with Chinese insurance and financial service firm Taikang Insurance Group to launch a healthcare-focused industry fund to raise RMB20 billion (US$2.97 billion) in total, the two parties announced at the World Health Expo in Wuhan on Monday.

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