OREANDA-NEWS.  September 25, 2014. CCCC-invested CCCC Fund Management Co., Ltd. (CCCC-Fund) was inaugurated at CCCC Building. Present were corporate leaders including Liu Qitao, Chen Fenjian, Fu Junyuan, Liu Xiangdong, Chen Yun and Zhen Shaohua; Wang Zhongmin, vice chairman of the National Council for Social Security Fund; Zhong Rongsa, vice chairwoman of the Asset Management Association of China and Li Weiqun, secretary-general of the China Association of Private Equity. At the ceremony, Liu Qitao delivered a speech on behalf of CCCC, Chen Fenjian and the heads of CCCC-Fund inaugurated CCCC-Fund.

Liu welcomed the guests present and introduced the implementation of CCCC's strategy of "five-style CCCC". CCCC is committed to building "five-style CCCC", upgrading itself to a developer and investor on the basis of the original whole industry chain of contractors, and participating in national economic and social development more actively, which calls for the strong support of industry-finance integration. Establishing CCCC-Fund is a major move of CCCC to make financial innovation and promote industry-finance integration. CCCC-Fund should size up the situation, seize the opportunity, deepen cooperation with financial institutions and absorb social capital through financial innovation, thus creating a development pattern of seamless connection, mutually-beneficial cooperation and win-win between industry and finance, and making a positive contribution to CCCC's transformation and upgrading and China's social and economic development.

CCCC-Fund signed "strategic cooperation agreements" with several cooperative institutions and sister groups such as Bank of China.

According to sources, CCCC-Fund has a registered capital of 200 million yuan in which CCCC and Shenzhen Rongtong Capital Management Co., Ltd. hold a 70% stake and a 30% stake respectively. CCCC-Fund aims to build an investment and financing platform for domestic leading industries in the infrastructure field. Its strategic cooperative institutions include social security funds, trust companies, commercial banks, insurance companies, fund subsidiaries, overseas financial institutions, etc. It will primarily invest in CCCC's infrastructural construction and major construction projects supporting China's new urbanization development, control project development, construction and operation risks based on CCCC's professional management capacity, attract social capital, and yield long-term stable investment return for investors to share CCCC's development achievements.