China's first steel fund to be jointly launched by private and State-owned enterprises was set up in North China's Shanxi Province on Tuesday, domestic news site chinanews.com reported.
With capital of 5 billion yuan ($767 million), the fund will be used to boost industry mergers and acquisitions as well as upgrading, said the report.
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Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
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