A government-funded initiative is aiming to grow the shipowning sector in a part of China known more for its powerful export-focused industry than for shipping entrepreneurship.

The Equator Fund Management-run Shenzhen Shipping Fund aims to bolster shipowning in the Pearl River Delta. That is where Beijing means to integrate as a single exporting and maritime-focused megalopolis, integrating the historically separate economy of Hong Kong with those of Shenzhen, Guangzhou and neighbouring cities.

TradeWinds recently reported on the Shenzhen municipal government's planned launch of the CNY 10bn ($1.54bn)