Central SOE Poverty Area Industrial Investment Fund

The Central SOE Poverty Area Industrial Investment Fund is a sovereign wealth fund established by China's central state-owned enterprises to invest in poverty-stricken areas. The fund aims to alleviate poverty by investing in sectors such as resource exploitation, industrial park construction, and urbanization in underdeveloped regions. By March 2020, the fund had invested in 91 projects with a total investment of 22.58 billion yuan, prioritizing projects that create employment opportunities in these areas.

Managed by SDIC Chuangyi, a wholly owned venture capital subsidiary of the State Development and Investment Corporation (SDIC), the fund has attracted over 100 shareholders, with a total funding of 31.41 billion yuan as of August 2019. The fund's investment strategy focuses on sectors that can drive economic development and improve living standards in impoverished regions.

In addition to its primary investment activities, the fund has established a special anti-epidemic sub-fund worth 1 billion yuan to support companies facing difficulties amid the COVID-19 pandemic. This initiative reflects the fund's commitment to addressing both economic and social challenges in underdeveloped areas.

The fund's efforts have been recognized with the 2021 Caijing Evergreen Award for Universal Benefits of Sustainable Development, highlighting its significant contributions to poverty alleviation and sustainable development in China.

Through its strategic investments and initiatives, the Central SOE Poverty Area Industrial Investment Fund plays a crucial role in promoting economic growth and social welfare in China's less developed regions, aligning with national goals of poverty reduction and rural revitalization.