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ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperBusiness /EconomyEconomyPolicy WatchChina DataCompaniesMarketsIndustriesViewMotoringTechGreen ChinaChina ExpoPPP fund worth $27b to start operation soonBy Yu Xiaoming(chinadaily.com.cn)Updated:2016-06-21 13:26Comments Print Mail Large Medium SmallThe Ministry of Finance, together with 10 financial institutions, last September jointly launched a 180 billion yuan fund that would support public-private-partnership projects.[Photo/IC]The 180 billion yuan ($27.38 billion) public-private-partnership (PPP) fund, which has gained extensive attention, is likely to start operation soon and drive up investment over 1 trillion yuan, the China Business News reports.The funds operator China Government Enterprise Cooperation Investment Fund Co Ltd is building its professional team and conducting due diligence in a bid to put the fund in place and launch project investment as soon as possible.Some preparatory work is under way, and the final decision by the general manager has not been taken, Chairman Zhou Chengyue said during an interview with China Business News.The company has started research on some PPP projects, including a big rail transit project in Inner Mongolia, Zhou added.The Ministry of Finance, together with 10 financial institutions, last September jointly launched a 180 billion yuan fund that would support public-private-partnership projects.The companys first shareholders meeting was held in March.According to the filing, the companys nine legal shareholders are CITIC Group Corp, Everbright Pramerica Fund Management Co Ltd, CCB principal Asset Management, China Life Insurance, Bank of China Investment Management, ABC-CA Fund Management, Band of Communication International Trust, CCB Principal Capital Management Co Ltd, and ICBC Credit Suisse Asset Management Co Ltd.Other investors include the National Council for Social Security Fund and the Ministry of Finance. The latter has an investment of 15 billion yuan, including the first batch 6 billion yuan.0Related StoriesGreater implementation of PPP projects seen in 2015China, UNECE to boost PPP cooperationGovernment-private partnerships on the riseChina to replace subsidy with reward to underpin PPP projectsChina approves PPP projects worth $128b in 2 yearsPhotoChinese factories score a goal with Euro 2016Young car racer pursues dream, speedFlying forward, once againOutbound travelers shrug off declines in yuan valueChinas top 10 counties most active in e-commerce startupIconic pagodas turn into a dreamland in infrared photosChina Economy By NumbersChina Economy by Numbers – Dec China Economy by Numbers – Nov NewsmakerChinese buyers circle soccer super agent Stellar Group UK-born businessman heads revolution in Chinas canteensMost ViewedTodays Top NewsNortheast SOEs to bear brunt of Chinas ownership reformsPPP fund worth $27b to start operation soonChinese factories score a goal with Euro 2016Volkswagen to produce more electric cars in ChinaChina green-lights two highway projectsIngDan helps pioneers crowdfund and sell productsChinese investment helps Hollywood produce for global audienceChina outbound M&A beats 2015 record with 6 months to spareHot TopicsFiat SpA Peugeot SA Taxi app Internet finance Housing price Disneyland 12306.cn WeChatEditors PicksTop 10 saving countries in the world Top 5 smart home applications attracting Chinese consumers Top 10 least affordable provincial-level regions in China Top 10 FDI sources for Chinese mainland in Jan-April SpecialsWorld Robot Conference 2015Made in China – fight against counterfeit goods2015 Beijing Forum for Emerging Markets…| About China Daily | Advertise on Site | Contact Us | Job Offer | Expat Employment |Copyright 1995 -var oTime = new Date();
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