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China sets up new US$21 billion fund to boost manufacturing industry
来源：http://shippingazette.com/menu.asp?encode=eng 编辑：编辑部 发布：2019/11/26 08:51:34
BEIJING has set up a US$21 billion national investment fund to promote the transformation and upgrading of the country's manufacturing industry, reports Shanghai Securities News.
The fund, with a registered capital of CNY147.2 billion (US$21 billion), will invest in both growth-stage and mature companies in areas such as new materials, next-generation IT and power equipment.
The fund was set up by 20 stockholders, with the Ministry of Finance holding a 15.29 per cent as the biggest shareholder, according to Xinhua..
The fund, with a registered capital of CNY147.2 billion (US$21 billion), will invest in both growth-stage and mature companies in areas such as new materials, next-generation IT and power equipment.
The fund was set up by 20 stockholders, with the Ministry of Finance holding a 15.29 per cent as the biggest shareholder, according to Xinhua..