China State -owned Assets Management Corporation China New Holdings is setting up a development fund with a scale of 100 billion (RMB and S $ 18.7 billion) for investment strategic emerging industries.

According to the First Financial report, Guoxin Holdings has now received the support of more than 20 Chinese central enterprises, local governments and social capital, and will complete the establishment and operation of operations within the year.

It is reported that strategic emerging industries represent the direction of a new round of scientific and technological revolution and industrial change, and it is a key area for cultivating new and developing new advantages in the future.The greater efforts to lay out forward -looking strategic emerging industries and future industries have also become one of the key tasks of a new round of state -owned enterprise reform and enhancement actions.

Wang Hongzhi, deputy director of the State -owned Assets Supervision and Administration Commission of the State Council of the State Council, said at the Chinese Enterprise Forum on Saturday (September 23) that the state -owned state -owned state -owned enterprises are willing to one of the company's various ownership enterprises to vigorously develop strategic emerging industries and actively cultivate future industries, Improve the toughness and competitiveness of China's industrial chain and supply chain.

The SASAC is currently deploying and promoting the new operation of the central enterprise industry and the opening of the future industry, focusing on the new generation of mobile communications, artificial intelligence, biotechnology, and new materials, including 15 key industries.