Yunnan Sasac joins five major industry giants to set up venture investment platform

With the five major industry giant Yunnan Sasac to build a platform for journalists from the State Council to understand, in order to tie in with the gradual growth of the gem market, Yunnan Province Industrial Investment holding Group Limited liability company (hereinafter referred to as "investment Group") has been established. The investment group is based on the state-owned assets management company of Yunnan Province, which is funded by Yunnan Sasac 3.5 billion yuan, and combined with 300 million yuan, Kunming Iron and Steel Holdings Limited, Yunnan Copper Industry (Group) Co., Ltd., Yunnan Metallurgical Group Corporation, Yunnan Tin Group (Holdings) Limited liability company invested 200 million yuan jointly sponsored by the establishment, registered capital of 4.6 billion yuan. It is understood that this year, the investment group plans to adopt the method of increasing capital and share, the introduction of finance, securities, investment banking and other financial business background of domestic and foreign financial investors, the registered capital from 4.6 billion to about 10 billion; then, the investment group has plans to raise social capital to further optimize the ownership structure. The investment group was established under the background that the competent departments strongly supported the state-owned enterprises in the venture investment industry. Financial Department of the National Development and Reform Commission LIU Jianjun that the industry is fiercely competitive, need some truly in the forefront of the market to carry out product innovation, product development and sales operations of private enterprises. These small and medium-sized private enterprises should become the object of capital management of state-owned companies. Because the management of state-owned enterprises understand product management, in the guidance of some small and medium-sized enterprises, with a high industry advantage. Gang, general manager of the investment group, also said that after the company was established, it will focus on the existing traditional industries in Yunnan, such as nonferrous metals, metallurgy, Chemical industry upgrading, strategic resources industry and provincial government focus on the major industrial industries, environmental protection and energy-saving industries, electronic information technology and other emerging industries. "When the investment group is established, it will provide investment and financing services for all industrial enterprises and extend the scope of services from state-owned enterprises to the entire industrial sector." ”