PE fund to bring green sheen to Silk Road

Backing to be offered to ecological solar panel construction, clean energy on economic belt

The first private-equity fund aimed at improving the environment along the planned Silk Road Economic Belt has started operating.

The Green Ecological Silk Road Investment Fund generated 30 billion yuan ($48 billion) in its first round of fund-raising, and more businesses are being attracted to invest, according to its backers. It will invest particularly in projects involving ecological solar panel manufacturing, clean energy and ecological remediation in China and other countries along the belt.