Haitong led a $375m funding round in Chang Guang.

Haitong Innovation Capital Management, an investment platform, led a $375m funding round in Chang Guang Satellite Technology, a developer of commercial remote sensing satellites. The round was also joined by Shenzhen Capital Group, China Capital Investment Group, Matrix Partners China and iFlyTek. The proceeds will be used for the construction of the company’s Jilin-1 satellite “constellation”, the development of remote sensing data applications and team building.