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Guangzhou Pharm sets up China's first TCM development fund

BEIJING
2015-12-16 10:58

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Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. (600332.SH) held an opening ceremony for the Guangzhou Baiyunshan Traditional Chinese Medicine International Development Fund in Guangzhou on Tuesday, according to a company filing released on the Shanghai Stock Exchange.

The fund is China's first traditional Chinese medicine international development fund.

The company plans to invest 200 million yuan in the fund so as to give special support to its high-quality traditional Chinese medicine products' overseas registrations, international market development and international cooperation.

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