September, 2016
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On September 26th, the establishing conference and the inaugurating ceremony of China Structural Reform Fund Corporation Limited was held in Beijing. Approved by the State Council and entrusted by the State-owned Assets Supervision and Administration Commission of the State Council, China Chengtong joined hands with Postal Savings Bank of China Co., Ltd., China Merchants Group Limited, China North Industries Group Corporation, China Petrochemical Corporation, Shenhua Group Corporation Limited, China Mobile Communications Corporation, CRRC, China Communications Construction Group Co., Ltd., and Beijing Financial Street Investment Co., Ltd. to initiate the establishment of China Structural Reform Fund Corporation Limited. The fund has a value of RMB 350 billion, making it the largest private equity fund in China to date. RMB 131 billion was raised during the initial stage.
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