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SIPG takes part in state-owned capital fund operation SIPG

Author:   Posttime:2022-11-18

Shanghai International Port Group (SIPG) will invest in RMB1.6bn ($220m) to jointly set up a capital fund company in Shanghai Pilot Free Trade Zone Lin-gang Special Area with another 12 parties.

Katherine Si | Nov 17, 2022
Shanghai Stated-owned Capital Investment Company will lead the establishment of this fund, mainly to support major national and municipal strategies, state-owned assets layout, state-owned company’s reform and innovative development, as well as to structure optimization and adjustment. 
Total registered capital of the new fund company will be RMB18.51bn ($2.6bn). 
Related: SIPG and Jiangxi Port set up container terminal joint venture
SIPG is actively supporting Beijing and Shanghai’s strategies by setting up this fund company, which is in line with SIPG’s diversified development targets in recently years, and is a crucial move to accomplish state-owned capital’s layout, commented SIPG. 
The fund will focus on investments in pilot and leading industries including artificial intelligence, high-end equipment manufacturing, communication, new materials and digital industries.

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