# Investment news

By [Virat Singh](https://paragraph.com/@virat-singh) · 2023-04-10

---

Major Chinese state-owned company CPIC Investment Management, a subsidiary of China Pacific Insurance (CPI), is launching two crypto funds in partnership with the investment firm Waterdrip Capital, the local news agency 36Kr reported. The new crypto funds reportedly include a venture capital fund called the Pacific Waterdrip Digital Asset Fund I, focused on investments in early-stage blockchain projects, while the second, called the Pacific Waterdrip Digital Asset Fund II, will manage proof-of-stake (PoS) digital assets.

---

*Originally published on [Virat Singh](https://paragraph.com/@virat-singh/investment-news)*