On October 29th, the Central Enterprise Strategic Emerging Industry Development Special Fund, initiated by the State owned Assets Supervision and Administration Commission of the State Council and entrusted to China National Construction Corporation, was launched in Beijing.
The initial scale of the fund reaches 51 billion yuan, of which China Guoxin plans to contribute 15 billion yuan. According to business information, other investors in the fund include Beijing Financial Street Capital Operation Group Co., Ltd., China Mobile Capital Holding Co., Ltd., China Petrochemical Group Capital Co., Ltd., China Petroleum Kunlun Capital Co., Ltd., China Telecom Group Investment Co., Ltd., etc.
In terms of investment proportion, China Guoxin, as the largest shareholder, holds 34.8837% of the shares; Beijing Financial Street Capital Operation Group Co., Ltd. holds 23.2558% of the shares; China Mobile Capital Holding Co., Ltd. holds 13.9535% of the shares; Sinopec Group Capital Co., Ltd. holds 11.6279% of the shares.
According to disclosure, the fund currently has the investment conditions and will help accelerate the development of strategic emerging industries.
As a special fund of the State owned Assets Supervision and Administration Commission of the State Council to promote the accelerated development of strategic emerging industries of central enterprises, this fund will support state-owned and central enterprises to make up for their industrial shortcomings and weaknesses, layout cutting-edge innovation, further enhance core functions, and enhance core competitiveness. We will focus on supporting strategic emerging industries such as artificial intelligence, aerospace, high-end equipment, quantum technology, as well as key areas of future industries such as energy, information, and manufacturing.
Public information shows that the largest shareholder, China Guoxin, was established on December 22, 2010 and is one of the central enterprises supervised by the State owned Assets Supervision and Administration Commission of the State Council. As of the end of 2024, the total assets of the company reached 980 billion yuan. It undertakes dual functions of strategic leadership and professional management in the fund, relying on the series of fund matrices constructed by its subsidiary China Guoxin Fund Management Co., Ltd., and has accumulated management experience and industrial resource integration capabilities of over 100 billion yuan in assets.
