To promote the industrial transformation and upgrading of Guangzhou, expand the guiding effect of government fiscal funds and activate social capital, the governments of the districts of Guangzhou will establish sovereign investment funds and propel the reform of the investment system.

 

It was learnt that, so far, Guangzhou has established two government guide funds, namely the Guangzhou Fund established by the municipal government of Guangzhou in 2013 and the Guangzhou Nanyue Fund established by the government of Zengcheng District last year. The number of equity investment institutions in Guangzhou has increased from about 280 at the end of 2014 to about 600 currently, with funds of more than RMB170 billion under their management.

 

Source: Nanfang Daily, August 21, 2015