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China sets up special fund worth 30b yuan to revitalize SOEs' land assets

Xinhua | Updated: 2024-07-05 16:06

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An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY

BEIJING - 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 ($4.2 billion).

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