Singapore-based real estate asset manager CapitaLand Investment (CLI) has established its first onshore RMB-denominated master fund in China, according to Securities Times on May 21. The fund, officially named the CapitaLand RMB Master Fund, has a total committed capital of CNY5bn ($690.6m) and is expected to support up to CNY20bn in assets under management (AUM) upon full deployment.