The Great Wall Asset Management Group of China partners with a local state-owned asset operation platform to launch the first state-owned legacy asset revitalization fund in Zhejiang.

On June 15th, Securities Times learned from China Great Wall Asset Management Co., Ltd. that the company recently signed a strategic cooperation agreement and a cooperation agreement on revitalizing state-owned stock assets with Zhejiang State-Owned Capital Operation Co., Ltd. It is understood that the first state-owned stock asset revitalization fund in Zhejiang will be launched through a market-oriented approach to revitalize state-owned stock assets by issuing REITs, transferring property rights, and transferring equity in order to realize exits. The recaptured funds will be mainly invested in strategic emerging industries and future industries. According to the agreement, China Great Wall Asset Management and Zhejiang State-Owned Capital Operation will focus on deep cooperation in revitalizing state-owned stock assets, establishing and operating funds, risk prevention and resolution, as well as industry collaboration and investment. Zhejiang State-Owned Capital Operation is the only provincial-level state-owned capital operation platform in Zhejiang, with business covering investment and fund management, state-owned equity operation and asset management, as well as innovation and think tank support.