Shanghai Shipping Fund, China\'s first shipping fund, made its first investment in container carriers.

China Shipping (Group) claimed in last November that it was going to invest $us 750,000,000 to purchase 8 containers stowed with 10,000 TEUs. Meanwhile, the group also signed a contract of 4 optional ships, with a total value of $us 370,000,000.

The shareholders of Shanghai Shipping Industry Fund Management Co., Ltd. are Guotai Junan Innovation Investment Co., Ltd., China Shipping Investment Co., Ltd., Shanghai State-owned Assets Operation Co., Ltd. and Hongkou State-owned Assets Operation Co., Ltd. With a registered capital of 200,000,000 RMB, this company is in charge of the raising, management and operation of the fund.