China Government-enterprise Cooperation Fund refers to China Government-enterprise Cooperation Investment Fund Co., Ltd. (hereinafter referred to as "China PPP Fund"). The Fund is a state-level fund institution initiated by the Ministry of Finance and the National Social Security Fund Council and approved by the State Council. China's PPP fund operation adopts a market-oriented model, which promotes the formation of a diversified and sustainable PPP project fund guarantee mechanism by attracting social capital investment and sharing investment risks, so as to improve infrastructure and public service conditions. Different from the traditional treasury, China PPP Fund is an investment institution approved and supervised by the state, aiming at promoting the cooperation between the government and enterprises, improving the supply level of public goods and services, and promoting the sustainable development of the economy.