Chinese dronemaker DJI, a leading supplier of drones to U.S. law enforcement, obscured its Chinese government funding while claiming that Beijing had not invested in the firm, according to a Washington Post review of company reports.
New fund to spur Yangtze SOE reform--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
China launched a 73.75 billion yuan ($11.45 billion) fund in Wuxi, Jiangsu province, on Thursday to facilitate cutting-edge technology innovation and mixed-ownership reform at its State-owned enterprises in the Yangtze River Delta region, its operator said.
Big-ticket fund set up for SOEs in China By Zhong Nan | China Daily | Updated: 2020-12-30 06:56 Technicians check steel products at a subsidiary of China Baowu Steel Group in Maanshan, Anhui province. [Photo by Luo Jisheng/for China Daily]
$30.6b earmarked for mixed-ownership reform, cutting-edge technology
China launched a 200 billion yuan ($30.6 billion) fund in Shanghai on Tuesday to facilitate mixed-ownership reform and cutting-edge technology innovation at its State-owned enterprises, according to the country s top State assets regulator.
The big-ticket fund aims to sharpen the core competitiveness of SOEs and spur high-quality growth. It will have an initial capital of 70.7 billion yuan, which has been raised from 20 shareholders, including 11 centrally administered SOEs, a private company and an institutional investor, such as China Reform Holdings Corp and China COSCO Shipping Corp. China Chengtong Holdings Group Ltd, a State-owned as