BRIEF-Xinhu Zhongbao plans to set up investment fund, fund management JV

April 5 (Reuters) - 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

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($1 = 6.8869 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)