Big-ticket fund set up for SOEs in China : vimarsana.com

Big-ticket fund set up for SOEs in China


Big-ticket fund set up for SOEs in China
By Zhong Nan |
China Daily |
Updated: 2020-12-30 06:56
Technicians check steel products at a subsidiary of China Baowu Steel Group in Maanshan, Anhui province. [Photo by Luo Jisheng/for China Daily]
$30.6b earmarked for mixed-ownership reform, cutting-edge technology
China launched a 200 billion yuan ($30.6 billion) fund in Shanghai on Tuesday to facilitate mixed-ownership reform and cutting-edge technology innovation at its State-owned enterprises, according to the country's top State assets regulator.
The big-ticket fund aims to sharpen the core competitiveness of SOEs and spur high-quality growth. It will have an initial capital of 70.7 billion yuan, which has been raised from 20 shareholders, including 11 centrally administered SOEs, a private company and an institutional investor, such as China Reform Holdings Corp and China COSCO Shipping Corp. China Chengtong Holdings Group Ltd, a State-owned asset-operating company, is leading the fund.

Related Keywords

Anhui , China , Li Hongfeng , Zhu Bixin , Zhou Lisha , Zhao Peng , China Chengtong Holdings Group Ltd , China Reform Holdings Corp , Administration Commission Of The State Council , Central Committee For Deepening Overall Reform , China Baowu Steel Group In Maanshan , China Baowu Steel Group , State Owned Assets Supervision , Administration Commission , Central Committee , Deepening Overall Reform , Beijing Headquartered China , China Chengtong , Fund , Soes , அன்ஹுய் , சீனா , ஜூ லிஷா , ஹ்ம் பெங் , சீனா சீர்திருத்தம் ஹோல்டிங்ஸ் கார்ப் , மைய குழு க்கு ஆழப்படுத்துதல் ஓவரால் சீர்திருத்தம் , நிலை ஓஂட் சொத்துக்கள் மேற்பார்வை , மைய குழு , ஆழப்படுத்துதல் ஓவரால் சீர்திருத்தம் , நிதி , ஸாயீஸ் ,

© 2025 Vimarsana