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Two water‐soluble zinc(II) phthalocyanines substituted with two or four permethylated β‐cyclodextrin (β‐CD) moieties at the α positions have been utilized as building blocks for the construction of artificial photosynthetic models in water. The hydrophilic and bulky β‐CD moieties not only can increase the water solubility of the phthalocyanine core and prevent its stacking in water but can also bind...