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What is a ppp fund?
China Municipal Government and Social Capital Cooperative Financing Support Fund (China PPP Fund) was established with the approval of the State Council, and was jointly funded by the Ministry of Finance, National Social Security Fund Council, China Construction Bank Co., Ltd., Postal Savings Bank of China Co., Ltd. and Agricultural Bank of China Co., Ltd.

China Bank Co., Ltd., China Everbright Group Co., Ltd., Bank of Communications Co., Ltd., Industrial and Commercial Bank of China Co., Ltd., China CITIC Group Co., Ltd. and China Life Insurance (Group) Company were jointly established.

The fund is a company system, and the financing support work is completed by China Government-enterprise Cooperation Investment Fund Co., Ltd. (the parent fund, hereinafter referred to as the fund company) and China Government-enterprise Cooperation Investment Fund Management Co., Ltd. (the parent fund management company, hereinafter referred to as the management company).

Extended data:

Standardize and strengthen the operation and management of infrastructure investment (including PPP) funds in Zhejiang Province, deepen the reform of government investment and financing system, give full play to the guiding role of government funds, encourage and guide social capital to enter infrastructure and public services, and promote the economic and social development of our province. According to the spirit of the relevant documents of the State Council and the provincial government, these administrative measures are formulated.

The initial scale of provincial funds is 1000 billion yuan, and the source of funds is provincial financial allocation. Mainly by participating in provincial sub-funds and city and county sub-funds, we will guide city and county governments to attract social capital investment. Depending on the operation and management, the scale will be gradually expanded after approval by the provincial government.

Baidu Encyclopedia-China PPP Fund