BEIJING, Nov. 22 (Xinhua) -- Shenzhen Investment Holdings Co., Ltd., a state-owned capital operation platform, Wednesday established two private equity investment funds with a total scale of 17 billion yuan (about 2.45 billion U.S. dollars) as bail-out funds for listed companies.
One of the bail-out fund is set up jointly by Shenzhen Investment Holdings, CCB Trust Co., Ltd., Kunpeng Capital and Guosen Secuities with a total scale of 15 billion yuan, while the other one is jointly initiated by Shenzhen Investment Holdings, CITIC Securities, with a value of 2 billion yuan.
Analysts point out that the establishment of these two bailout funds shows Shenzhen's support for the development of the private sector, and also marks another important step of Shenzhen Investment Holdings Co., Ltd. in serving and stabilizing the city's capital market.
Up to now, Shenzhen Investment Holdings Co., Ltd. has set up 33 funds with a total scale of nearly 60 billion yuan. (Edited by Li Wenxin, Yang Qi, liwenxin@xinhua.org)
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