BRIEF-Xinhu Zhongbao plans to set up investment fund, fund management JV
April 5 Xinhu Zhongbao Co Ltd
* Says it plans to set up fund management firm in Ningbo city with partners
* Says it plans to invest 2.0 billion yuan ($290.41 million) to set up investment fund worth 34.3 billion yuan with partners
Source text in Chinese: bit.ly/2nC9AsP
Further company coverage: ($1 = 6.8869 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)