China aims to raise $13.7 billion to invest in emerging industries

China Reform Holdings Corp, a major Chinese state asset manager, is planning to raise a substantial fund of at least 100 billion yuan (approximately $13.70 billion). This fund will be directed towards investments in emerging industries, as reported by China Business News.

The initiative has already garnered investment interest from over 20 central government-owned enterprises, local governments, and private investors. The fund is slated to commence operations by the end of the current year.

This move aligns with a broader trend in China, where state-owned enterprises (SOEs) are increasingly focusing on investments in emerging and strategic sectors such as artificial intelligence, new energy, new materials, and biotechnology. This is part of Beijing’s efforts to reform the SOEs and modernize them to be at the forefront of innovation and growth.

China Reform Holdings, established in 2021, holds a critical role in advancing these reforms within the state-owned enterprise sector. As of the end of 2022, the company managed nearly 860 billion yuan of assets, underscoring its significant presence in managing state assets and furthering economic goals in line with national strategies.

By QUATRO Strategies International Inc.

QUATRO Strategies International Inc. is the leading business insights and corporate strategy company based in Toronto, Ontario. Through our unique services, we counsel our clients on their key strategic issues, leveraging our deep industry expertise and using analytical rigor to help them make informed decisions to establish a competitive edge in the marketplace.

Make strategic decisions with confidence!

Learn how we can support you in setting the right strategy in a fragmenting global economy.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Vietnam expects delays in offshore gas projects, putting its power supply at risk

Vietnam’s offshore gas development projects involving major players like Exxon Mobil and Gazprom are facing significant delays, as per a draft government document. This situation raises concerns about the future of these projects in the South China Sea, where Vietnam and China have territorial disputes.

Britain’s new industrial strategy targets eight key sectors for long-term growth

The UK government has unveiled its first formal industrial strategy in seven years, aimed at providing greater stability and certainty for businesses as the country faces economic challenges post-Brexit and post-pandemic. This strategy comes in response to calls from British manufacturers and trade body Make UK…

Commodities face sharp decline amid China concerns and US natural gas selloff

Commodities have erased all of their gains for the year, facing a challenging outlook in China, a selloff in U.S. natural gas, and losses in foodstuffs, which have collectively weighed on raw materials. A variety of energy products, metals, and crops, in average, has slumped nearly 6% so far in July, heading for its worst monthly performance…

Stay informed

error: Content is protected !!