Sinopec Capital and others establish Modern Petrochemical New Materials Industry Fund with an contribution of 5 billion yuan

People’s Finance News April 2, according to the Qichacha app, recently the Chaoyang Modern Petrochemical New Materials Industrial Fund (Yueyang) Partnership Enterprise (Limited Partnership) was established with a paid-in capital of 5 billion yuan. Its business scope includes: venture capital (limited to investing in non-listed enterprises); and activities such as equity investment, investment management, asset management, etc. through private funds. Qichacha’s equity look-through shows that the partnership enterprise is jointly held by China Petroleum & Chemical Corporation Capital Co., Ltd., China Construction Bank Financial Asset Investment Co., Ltd., and others.

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