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On June 29, Tianjin Hongfu Equity Investment Fund Management Co., Ltd., (Hongfu Equity Investment Fund), the first pension fund management enterprise in Tianjin, officially launched operations, which marked the first domestic pension industry fund formally started launch and fundraising. As from today, Hongfu Equity Investment Fund will launch and operate pension industry investment funds, whose investment direction will focus on investment and construction in elder livable communities, pension institutions, and elder industrial technology park.
Learned from the ceremony, Hongfu Equity Investment Fund was initiated and organized under the leading of Tianjin Fulao Investment Co., Ltd., which started planning to set up pension industry fund at the beginning of 2009, and also actively carried out relevant research, consulting demonstration, program development and financing negotiations and other preparatory work.
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