February 28, 2018

HONG KONG -- Chinese conglomerate HNA Group's unit HNA Capital said it will lead two funds totaling 20 billion yuan ($3.17 billion or 340 billion yen) that will focus on investments linked to the ambitious Belt and Road initiative of the world's second-largest economy.

Through these two funds, HNA Group's financial arm will prioritize projects in the infrastructure, financial services and high technology sectors across Greater China and Southeast Asia, it said in a statement on Tuesday.

The company did not provide any other key details about the two funds, including how much it will invest in the funds or whether other investors would participate in them.

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