Firm in Pilot SOE Reform Launches Venture Investment Fund

(Beijing) – China Reform Holdings Corp. Ltd. has set up a 100 billion yuan (US$ 15 billion) venture capital investment fund jointly with several other state-controlled companies to support “technological innovation and industrial upgrading projects of centrally administered enterprises,” according to the website of CRHC.

The fund would make equity investment in companies, focusing on returns just like any private investment fund would do, according to a person close to the situation.