"China Minmetals unveiled its first billion-dollar industrial investment fund"
The reporter learned from China Minmetals Group Co., Ltd. that the Minmetals New Energy New Materials Industry Investment Fund set up by China Minmetals has recently been unveiled in Beijing. This is the first equity investment fund of Minmetals, which will exceed 10 billion yuan.
It is understood that the fund will mainly invest in the entire industrial chain of new energy and new materials, including the new energy automotive industry chain, various non-traditional energy sources, various new materials and related advanced manufacturing industries. Fund partners include Jianxin Trust and China State-owned Enterprise Structure Adjustment Fund.
China Wen Min, the general manager of China Minmetals, said at the unveiling ceremony that Minmetals will give strong support to the fund in terms of resources and mechanisms, promote the establishment of a market-based mechanism for selecting and employing people, encourage and restrict mechanisms, and provide policies on project resources, exit channels, and other aspects. It is inclined to help build it into an industry-leading and leading domestic equity investment fund.
China Minmetals is the only state-owned capital investment company in China's metal mining industry, and currently manages assets of 1.68 trillion yuan. In recent years, Minmetals has conducted a wide range of industrial layouts in the field of new energy and new materials, and actively promoted the core business of metal minerals to enter the high-end of the industrial chain and value chain. New energy and new materials have been listed as the Group's emerging main business.
