China Structural Reform Fund Phase Two Co Ltd set up in Wuxi

China Structural Reform Fund Phase Two Co Ltd is inaugurated in Wuxi on Oct 7, 2021. [Photo provided by Wuxi Capital Group Co Ltd]

China Structural Reform Fund Phase Two Co Ltd was inaugurated in Wuxi, East China's Jiangsu province, on Oct 7, 2021.

Wuxi municipal government and China Chengtong Holdings Group Ltd were the principle investors, with eight additional state-owned enterprises. The fund is worth 73.75 billion yuan ($11.27 billion).

Du Xiaogang, Party secretary of Wuxi, delivers a speech at the inauguration ceremony. [Photo provided by Wuxi Capital Group Co Ltd]

Du Xiaogang, Party secretary of Wuxi, delivered a speech at the inauguration ceremony, saying that he hopes more social capital will go toward the restructuring of state-owned businesses and that more investment will help Wuxi to become a hub of the equity investment industry.

He added that he hopes state-owned enterprises will bring more high-quality projects and resources to Wuxi, and the city will offer them the most favorable business environment possible.

Authorized by the Wuxi government, Wuxi Capital Group Co Ltd manages the capital of China Structural Reform Fund Phase Two Co Ltd invested by Wuxi government.

Wuxi Capital Group will leverage the resources and advantages of the State-owned capital operation platform and the local government to support the reform of State-owned companies, the development of strategic emerging industries, and the securitization of assets owned by State-owned companies.