• Mon. Dec 23rd, 2024

    China sets up special fund worth 30 bln yuan to revitalize SOEs’ land assets

    ByTrulyNews

    Jul 5, 2024
    China sets up special fund worth 30 bln yuan to revitalize SOEs’ land assets

    BEIJING, July 5 (Xinhua) — China held a founding ceremony on Friday marking the official establishment of a special fund to revitalize the land assets of state-owned enterprises (SOEs).

    Approved by the State-owned Assets Supervision and Administration Commission of the State Council, the fund is worth 30 billion yuan (about 4.2 billion U.S. dollars).