Investment fund to bolster reform

The China Structural Reform Fund plans to help its clients deploy more resources in consumption upgrading, elderly care and core chip technology to put their growth on a firmer footing.

The CSRF, a venture that aims to establish a sub-fund to support State-owned enterprises' reorganization, is China's biggest investment fund raised from SOEs.

Incorporated in 2016, the fund has 10 shareholders including China Mobile Communication Corp, Shenhua Group Corp and China Petrochemical Corp.