China To Float Wine Investment Fund

China is rolling out its first wine investment fund, Financial Times reports. The Dinghong Fund, which will be co-founded by Ling Zhijun, intends to raise $156 million and also invest in vintage wines.

The close-end fund expects to raise its first tranche of $31.2 million by the end of next month. The product anticipates delivering annual returns of approximately 15%.

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