A team of Chinese ship finance stars is putting the finishing touches on a large investment fund designed to help the shipowning sector in Shenzhen develop.

Equator Fund Management, which will run the CNY 10bn ($1.54bn) Shenzhen Shipping Fund, is headed by a roster of very well-known names in Chinese shipping and ship finance.

The goal of the fund is to make the port metropolis into an all-round maritime centre.