China establishes a 30 billion yuan fund for revitalizing state-owned enterprises' land assets.
China established a special 30 billion yuan fund (approx. $4.2 billion) to revitalize state-owned enterprises' (SOEs) land assets. The fund, approved by the State-owned Assets Supervision and Administration Commission of the State Council, is a joint venture between China Chengtong Holdings Group Ltd. and China Orient Asset Management Co., Ltd. The fund will be managed by a wholly-owned subsidiary of Chengtong.
July 05, 2024
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