E-mail lunthesis@163.com Phone 0551-65179860-203

China launches SOE mixed-ownership reform fund

Pub Date:2020-12-30 08:44 Source:Xinhua

China on Tuesday set up a national fund to facilitate the mixed-ownership reform of its state-owned enterprises (SOEs), according to the country's top state assets regulator.

With a total of 200 billion yuan (about 30.56 billion U.S. dollars), the fund aims to raise 70.7 billion yuan in the first phase, according to the State-owned Assets Supervision and Administration Commission (SASAC).

The fund was jointly established by the China Chengtong Holdings Group Ltd, a centrally administrated SOE pilot for state-owned capital operations, and other shareholders, expanding channels for social capital to join the mixed-ownership reform of SOE, the SASAC said.

Including making equity investments, the fund will focus on national strategic areas, competitive areas, scientific and technological innovation, and key parts of industrial chains. It is to improve the operating efficiency of state-owned capital and boost the vitality of all market entities.


Editor:Rita

Related News
- China's central bank vows to keep monetary policy consistent    2020-12-30 08:42
- China encourages foreign investment in more industries    2020-12-29 08:54
- China's industrial profits rise 2.4% in first 11 months, ...    2020-12-28 09:36
- Consumption to play bigger role in 2021    2020-12-28 08:45
 
photo  >>
Hybrid chemical tanker launched in Wuhu
Medical workers inoculate recipients with COVID-19 vaccines in Anhui
Video  >>
Hongcun Village: a taste of Hui-style in E China's Anhui
Discovering Anhui: Infrastructure development -- the road out of poverty
People  >>
Student strives to stave off spread of sand
China to expand insurance-covered medical service
Travel  >>
China urges less travel during upcoming holiday
Authorities urge caution in travel, school and cinemas to curb COVID-19 spread
Contact Us
Copyright ©2000-2016 anhuinews.com All rights reserved. Reproduction in whole or in part without permission is prohibited.