Although the Global Fund has earmarked money for this purpose, the way it is disbursed means that the process is too slow and too fragmented to give firms that sort of reassurance.
An earlier experiment in hypothecated spending, which earmarked increases in duties on tobacco to fund NHS services, was met with widespread scepticism.
The Blackstone Group also has a RMB private equity fund in the works, with the Pudong government and earmarked to make investments in this Shanghai financial and shipping center.