Government prepares SOE reform fund

Source:Global Times Published: 2017/9/15 19:53:39

A major fund specifically aimed at promoting the reforms of State-owned enterprises (SOEs), whose scale is expected to surpass 100 billion yuan ($15.27 billion), is being prepared, reported on Friday.

Details of the fund, such as its manager and its exact volume, need government approval for more exposure, the report noted.

The report also said that the fund will not only collect money from local SOEs and central enterprises, which most SOE funds did in the past, but are likely to source capital from some private, multi-national enterprises.

Some of China's Internet giants are also paying close attention to the fund, noted the report.

Global Times


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