BEIJING, April 21 (Xinhua) -- China Everbright Limited (00165.HK) Tuesday announced the launch of the Everbright Belt and Road Green Fund, which is led by China Everbright Group, launched and managed by China Everbright Limited.
The fund is the only newly-launched Chinese business entity that has been approved to use "Belt and Road" in its name.
The fund adopts a dual-currency structure of domestic RMB funds and overseas USD funds. Its targeted total assets under management is equivalent with 20 billion yuan.
Integrating China Everbright Group's superior financial and industry resources, the fund targets countries and regions along the Belt and Road. Its investment mainly focuses on four areas, including green environment, green energy, green manufacturing and green living.
The fund will adopt a diversified allocation strategy to gain stable, healthy and sustainable returns, while reducing industry and cyclical risks.
In the future, this fund will work with international multilateral institutions and top-tier financial institutions, and closely collaborate with governments and leading enterprises along the Belt and Road to launch U.S. dollar funds when time is mature.
China Everbright Limited, China Everbright Group's largest overseas financial investment flagship, specializes in cross-border asset management and investment.
（Edited by Yang Qi with Xinhua Silk Road, kateqiyang@xinhua.org）
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