CSRF actively participates in COFCO Capital’s mixed-ownership reform
The Group’s Headquarters 2017-08-21
On August 21, China Structural Reform Fund Corporation Limited (CSRF) completed its equity investment of RMB 800 million to COFCO Capital Investment Co., Ltd. (COFCO Capital) and became its fifth largest shareholder.
COFCO Capital’s mixed-ownership reform is a key mixed-ownership reform pilot project on the agenda of Leading Group for Comprehensively Deepening Reforms of the State Council in this year, which also exemplifies COFCO’s acceleration in mixed-ownership reform as a state-owned capital investment company.
As a joint effort, together with Beijing Capital Agribusiness Group, AECC Capital Management and other four agribusiness groups and renowned financial institutions, CSRF helps COFCO Capital optimize its shareholders structure, substantially push forward its mixed-ownership reform, improve its corporate governance mechanism and enhance its operational efficiency and competitiveness through market-oriented approach. The aggregate amount of investment from all seven strategic investors is RMB 6.9 billion, which assists COFCO and COFCO Capital, under the principal of ‘state + private’ and ‘agriculture + finance’, to build a capital operation platform featuring a combination of industry and finance, and harmonious cooperation between financial institutions, in order to provide better services to COFCO’s global agriculture chain layout, and effectively fulfill the strategic mission of national macro regulation of grain and food security.