Ma Zhengwu attended the signing ceremony of Beijing Structural Mixed Ownership Reform Investment Fund Sponsorship Agreement
The Group’s Headquarters 2017-08-30
On August 28, the Group’s Chairman Ma Zhengwu attended the signing ceremony of Beijing Structural Mixed Ownership Reform Investment Fund Sponsorship Agreement and addressed the ceremony.
In his speech, Ma Zhengwu stated that the Centre for Beijing Structural Mixed Ownership Reform Investment was China Structural Reform Fund’s (CSRF) first deployment of its sub-funds in state-owned enterprises’ (SOEs) mixed ownership reform, which is of great significance for SOEs to improve their governance, strengthen incentives, highlight their main business areas and improve efficiency. CSRF was willing to take this cooperation as an opportunity to further strengthen cooperation with market-oriented institutions and financial institutions.
As CSRF’s first market-oriented SOE mixed ownership reform specific sub-fund, Beijing Structural Mixed Ownership Reform Investment Fund is co-sponsored by CSFR, Industrial and Commercial Bank of China’s Beijing branch and Guofu Capital. The initial scale of the fund is RMB 5 billion, focusing on investing around the central and local SOE’s mixed ownership reform, mergers and acquisitions and other directions, and boosting the structural reform and transformation and upgrading of state-owned enterprises undertaking mixed ownership reform through capital.
Wei Ran, General Manager of Chengtong Fund Management Co., Ltd. and relevant personnel from the Group’s Department of Financial Management attended the ceremony.