China Establishes $30 Billion Fund for State-owned Enterprise Mixed-ownership Reforms

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China has just seen the launch of a new fund in Shanghai to support state-owned enterprise (SOE) mixed-ownership reforms.

The China State-owned Enterprise Mixed Ownership Reform Fund Co., Ltd. (中国国有企业混合所有制改革基金有限公司) was established in Shanghai on 29 December with a total fund scale of 200 billion yuan (approx. USD$30.66 billion) and an initial fund-raising sum of 70.7 billion yuan.

The State Council has entrusted China Chengtong Holdings Group (中国诚通) – a state-owned asset trial enterprise – with serving as chief founder.

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