Guangdong issues equity funds for urban infrastructure construction
2014-July-3 Source: Newsgd.com
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On July 1, Guangdong government issued a provincial level equity funds with a total capital of 12.1 billion RMB, which will mainly invested in the urban infrastructure of east, west and north Guangdong.

This equity funds is first of its kind in china which is issued by the provincial level platform and cooperate with financial state companies. The first batch of 4 billion RMB will go to Zhaoqing, Yunfu, Heyuan and Zhanjiang cities.

Xu Shaohua, Executive Vice Governor said the fund combined the government credit with the market, turned the financial subsidy to government equity investments, realizing a recycling use of the financial capital. Guangdong will further the innovation of the financing mechanisms, attracting more social funds to support economic and social development of the province.

Editor: Olivia
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