Reuters Shanghai – The investment banking arm of China Construction Bank plans to launch a 5 billion yuan ($731.3 million) fund to focus on investments in the country’s rapidly growing heathcare sector, state media reported on Tuesday.

Hong Kong-based CCB International is leading the fundraising but has not yet reached the initial target of 5 billion yuan, the online edition of the official Xinhua News Agency (www.xinhuanet.com) said.

Once launched, the fund would focus on investments in healthcare-related sectors including pharmacy, medical equipment manufacturing, medical institutions and services, Xinhua quoted CCB International’s chief executive, Hu Zhanghong, as saying.

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