China Ship Fund （hereinafter referred to as “CSF”) is approved by the State Council, permitted by the National Development & Reform Commission (hereinafter referred to as “NDRC”). The planned capital scale of CSF is RMB20 billion.
CSF is planned to integrate the low-cost and high-quality ship assets of the ship & shipping industries chain and by its inducive investment, propels the technology innovation of the shipbuilding industry, eliminates the medieval production capacity gradually, adjusts the industrial structure, and provides a large low-cost shipping capacity with the properties of high technology, high utilities and low-carbon environmental protection.
CSF, by equities investment on the upstream and downstream firms of the shipping, shipbuilding industries, rapidly aggregates the industrial advantaged resources, creates the integration of the shipping industry’s advanced resources, trains the industrial professional elites, improves the international competitiveness of domestic shipping industry by means of M&A, integration and restruction. At the same time, CSF helps the high-technological and high-growth-potential firms to rapidly expanse by offering them financial support and hence maintains the vitality of the industry competition in the market.