Sino-French fund raring to go

Sino-French equity investment fund Cathay Capital is seeking innovative and export-led enterprises in the two nations as its newest fund prepares to invest in a Chinese food company, its president told China Daily.

"We choose to invest in mature and innovative enterprises with development potential, which are also export-led and international," said Cai Mingpo, president of Cathay Capital.

According to Cai, Cathay's Sino-French Midcap Fund is planning to invest in a Chinese food company and help it expand in Europe and the United States. The average investment amount by the fund will be between 25 million euros ($31.7 million) and 50 million euros.