日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / SOE

Fund for SOEs in place to spur innovation

1st-phase size of 51b yuan targets State firms in strategic emerging sectors

By REN QI | China Daily | Updated: 2025-11-11 09:45
Share
Share - WeChat

The launch in late October of a special fund dedicated to investing in centrally administered State-owned enterprises engaged in strategic emerging sectors marks a significant step in advancing China's innovation-driven growth, officials and experts said.

The special fund to assist central SOEs to develop strategic emerging industries, officially launched on Oct 29, was initiated by the State-owned Assets Supervision and Administration Commission of the State Council and entrusted to China Reform Holdings Corp Ltd, a State-owned investment firm, for establishment and management.

The move has met the conditions for investment and will help accelerate the development of strategic emerging industries, SASAC said at the launch.

The fund's first-phase size is 51 billion yuan ($7 billion), with China Reform Holdings planning to contribute around 15 billion yuan. The investment period is five years, and the management and exit period is eight years. The investment period may be extended by up to two years, meaning the overall duration could be as long as 15 years.

Li Zhen, vice-chairman of SASAC, said accelerating the development of strategic emerging industries is a mission entrusted to central SOEs by the central authorities, and the establishment of the special fund is a crucial move to support their growth.

Li emphasized that the fund aims to better align capital with industrial and innovation chains, and to facilitate the optimization of the layout and structural adjustment of the State-owned economy.

He expressed hope that China Reform Holdings will live up to its mission and expectations, go all out to operate the fund effectively, make new and greater contributions to the development of strategic emerging industries, and set a benchmark for State-owned industrial funds.

In recent years, China's manufacturing sector has accelerated its shift toward greater sophistication, intelligence and sustainability, expediting the formation of new quality productive forces and injecting fresh momentum into the steady and positive performance of the industrial economy.

According to the latest value-added tax invoice data released by the State Taxation Administration, corporate investment in innovation continued to increase in the first three quarters, strategic emerging industries expanded steadily and sales revenues in integrated circuit manufacturing, robot manufacturing and unmanned aerial vehicle manufacturing rose year-on-year by 17 percent, 21.7 percent and 69.8 percent, respectively.

Beijing Vice-Mayor Sun Shuo said at the launch ceremony for the special fund that the city's government will fully support the fund's development by strengthening innovation enablement and improving support systems to provide a favorable environment for its growth.

Sun said he expects the fund to inject greater momentum into Beijing's economic and social development.

Li Xuenan, professor of finance and director of the China Industrial Policy Research Center at Cheung Kong Graduate School of Business, said such government-guided funds can effectively address market failures in financing high-risk, high-externality sectors such as new energy, biotechnology and high-end equipment manufacturing.

By leveraging professional fund managers and focusing on long-term development rather than short-term returns, these funds not only concentrate private capital, but also stimulate new company entries in target sectors and along the supply chain, generating sustainable industrial upgrading, Li said.

As a special fund to promote the accelerated development of strategic emerging industries among central State-owned enterprises, the fund will support efforts to address weak links in industrial chains, advance frontier innovation, strengthen core functions and enhance core competitiveness.

SASAC said in a news release that priority support will go to artificial intelligence, aerospace, high-end equipment and quantum technology, as well as key areas of future industries including future energy, future information and future manufacturing.

Compared with subsidies or tax incentives, Li said, government-guided funds provide a more efficient and self-sustaining approach to industrial policy.

Furthermore, to maximize impact, transparency, professional autonomy, and a focus on high-research and development-intensity sectors will be key to ensuring that public capital catalyzes lasting innovation and competitiveness in China's strategic emerging industries, Li added.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美在线免费 | 叶玉卿三级 | 天堂网中文 | 综合五月激情网 | 国产91在线高潮白浆在线观看 | av男人天堂网 | 日本久久中文字幕 | 国产日产在线观看 | 亚洲不卡一区二区三区 | 高压监狱满天星在线观看 | 成年人的黄色 | 天天综合网久久综合网 | 亚洲午夜在线视频 | 亚洲成人免费在线观看 | 男人天堂网在线观看 | 久久久夜夜 | 精品国产一区二区三区久久久蜜臀 | 成人免费视频网站 | 97久久国产精品 | 四虎成人影视 | 亚洲第一页中文字幕 | 精品久久久中文字幕 | 99精品一区| 日韩专区中文字幕 | 国产大奶| 欧美丰满老妇 | 午夜免费看 | 爱爱网入口 | 久久91久久 | 成人3d动漫一区二区三区91 | 中文在线www | 99久久精品国产成人一区二区 | 久久久久久9999 | 小泽玛利亚av在线 | 国产精品18p | 欧美性高潮视频 | 日韩一区二区三区在线播放 | 91国产视频在线 | 久色婷婷| 日本国产在线观看 | 国产91精品一区二区 |