China Reform Holdings Plans $13.7 Billion Emerging Industry Fund

China Reform Holdings Corp, a state asset manager in China, is in the process of raising at least 100 billion yuan (about $13.7 billion) for a fund dedicated to investing in emerging industries, as reported by the China Business News.

The fund has garnered investment commitments from over 20 central government-owned enterprises, local governments, and private investors. I Photo: Xinhua

The fund has garnered investment commitments from over 20 central government-owned enterprises, local governments, and private investors. It is expected to commence operations by the end of the year.

China's state-owned enterprises (SOEs) have been increasing their investments in emerging and strategic sectors like artificial intelligence, new energy, new materials, and biotechnology as part of China's SOE reforms.

China Reform Holdings Corp, established in 2021, is responsible for deepening SOE reforms and managed nearly 860 billion yuan in assets at the end of 2022.

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