HONG KONG, March 24 (Reuters) - Chinese conglomerate HNA
Group and China Cinda Asset Management have
signed a strategic agreement to set up an industry buyout fund
worth at least 20 billion yuan ($2.91 billion), HNA said in a
statement on Friday.
The fund falls in line with Beijing's "go global" strategy,
and the two companies will team up in areas such as outbound
acquisitions and financial leasing, HNA said.
($1 = 6.8840 Chinese yuan renminbi)
(Reporting by Julie Zhu; editing by Susan Thomas)