Guangzhou established its second "fund of funds" of 200 billion yuan (US$ 27.7 billion) earlier this month. The fund, which is a pooled investment fund for investing in other types of funds, will focus on investments in various fields in Guangzhou and other cities in the Guangdong-Hong Kong-Macao Greater Bay Area. The investments will focus on transportation, energy, municipal administration, logistics, parks, affordable rental housing, water conservancy, etc.
The Guangdong provincial capital saw its first 200 billion yuan "fund of funds" established in February.