Financials Oct 07, 2021 05:27 PM (GMT+8) · EqualOcean
Cailian, October 7 (Xinhua) - today, the inaugural meeting and unveiling ceremony of China's state-owned enterprise structural adjustment fund phase II Co., Ltd. was held in Wuxi, Jiangsu Province. In accordance with the overall plan of the national transfer fund approved by the State Council and the key tasks of the reform of the capital operation company of SASAC in 2021, China Chengtong will take the lead to build a number of parallel funds in a market-oriented manner with local governments and central enterprises to build phase II of the national transfer fund with a total scale of no less than 100 billion yuan. Registered and established in Wuxi this time is the first parallel fund of phase II of the national transfer fund, with a registered capital of 73.75 billion yuan, focusing on important industries, key fields and major special tasks related to national security and the lifeblood of the national economy.

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