CCB International, the investment banking arm of China Construction Bank, will launch a US$731 million fund to invest in China’s health care sector, the South China Morning Post reported, citing state media. The fund, to be called China Healthcare Investment Fund, will focus on investments in pharmacies, medical-equipment manufacturing, medical institutions and services. No launch date was given for the fund. It would be the first domestic investment fund specializing in the mainland’s health care industry. Experts have urged the country’s government to improve the health care options for China’s rural population more rapidly.