CITIC Trust announced that it had established a public-private-partnership (PPP) investment fund with the government of Ningbo city, east China's Zhejiang Province. According to a cooperative agreement signed between the two sides, they will set up a company to formally operate the investment fund. The fund, with a total scale of 25 billion yuan, has a maturity of 15 years. Limited partnership will be adopted as the operating mode.
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