Since its establishment more than a year ago, the industrial investment fund for poverty-stricken areas of central enterprises (the poverty alleviation fund for central enterprises) has mobilized hundreds of billions of social capital to invest in poverty-stricken areas through direct investment, the establishment of sub-funds and the initiation of poverty alleviation fund alliances.

Since the poverty alleviation fund of central enterprises was established in June last year, it has completed 4 investment decision-making projects, amounting to 8.6 billion yuan. Approved projects 16, with an amount of1400 million yuan. These projects are spread all over 26 provinces in China, covering all 14 concentrated contiguous areas with special difficulties, as well as some key poverty alleviation and development counties and revolutionary old counties.

It is understood that the poverty alleviation fund of central enterprises mainly invests in resource development, industrial park construction and new urbanization development in poverty-stricken areas, and appropriately invests in people's livelihood industries such as pension, medical care and health. In practice, the fund flexibly uses equity investment, creditor's rights investment, convertible bonds, preferred stocks and sub-funds to guide all kinds of capital into leading industries in poverty-stricken areas and help solve the problems of financing difficulties and high financing that restrict industrial development in poverty-stricken areas. According to preliminary statistics, about 80% of the investment projects were not entered by social investors before they were invested by the poverty alleviation fund of central enterprises.