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National Fund For Technology Transfer And Commercialisation
The National Fund for Technology Transfer and Commercialisation (NFTTC; ), is a China Government Guidance Fund. The fund aims to support the government and public institutions in the commercialization process of their scientific findings and new technologies. Using a fund of funds approach, it invests into multiple sub-funds which in turn invests in enterprises and projects. History In 2011, the Ministry of Science and Technology and Ministry of Finance established the outline and framework for the NFTTC as a way to support China's National Medium and Long-Term program for Science and Technology Development (2006–2020) plan. In 2014, the NFTTC was launched to transform research projects into business ventures. In 2015, it invested 1 billion yuan (US$145 million) in establishing three venture capital funds. In November 2021, ''Securities Times'' reported that there would be major revisions to the direction and management of the NFTTC so it would become more marke ...
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State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ...
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Hubei
Hubei (; ; alternately Hupeh) is a landlocked province of the People's Republic of China, and is part of the Central China region. The name of the province means "north of the lake", referring to its position north of Dongting Lake. The provincial capital, Wuhan, serves as a major transportation hub and the political, cultural, and economic hub of central China. Hubei's name is officially abbreviated to "" (), an ancient name associated with the eastern part of the province since the State of E of the Western Zhou dynasty of –771 BCE; a popular name for Hubei is "" () (suggested by that of the powerful State of Chu, which existed in the area during the Eastern Zhou dynasty of 770 – 256 BCE). Hubei borders the provinces of Henan to the north, Anhui to the east, Jiangxi to the southeast, Hunan to the south, Chongqing to the west, and Shaanxi to the northwest. The high-profile Three Gorges Dam is located at Yichang, in the west of the province. Hubei is the 7th ...
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Financial Services Companies Established In 2011
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessm ...
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Companies Based In Beijing
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "arti ...
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Chinese Companies Established In 2011
Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of various ethnicities in contemporary China ** Han Chinese, the largest ethnic group in the world and the majority ethnic group in Mainland China, Hong Kong, Macau, Taiwan, and Singapore ** Ethnic minorities in China, people of non-Han Chinese ethnicities in modern China ** Ethnic groups in Chinese history, people of various ethnicities in historical China ** Nationals of the People's Republic of China ** Nationals of the Republic of China ** Overseas Chinese, Chinese people residing outside the territories of Mainland China, Hong Kong, Macau, and Taiwan * Sinitic languages, the major branch of the Sino-Tibetan language family ** Chinese language, a group of related languages spoken predominantly in China, sharing a written script (Chinese ...
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Private Equity Fund
A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity. Private equity funds are typically limited partnerships with a fixed term of 10 years (often with annual extensions). At inception, institutional investors make an unfunded commitment to the limited partnership, which is then drawn over the term of the fund. From the investors' point of view, funds can be traditional (where all the investors invest with equal terms) or asymmetric (where different investors have different terms).Metrick, Andrew, and Ayako Yasuda. "The economics of private equity funds."Review of Financial Studies (2010): hhq020. A private equity fund is raised and managed by investment professionals of a specific private-equity firm (the general partner and investment advisor). Typically, a single private-equity firm ...
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Institutional Investor
An institutional investor is an entity which pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked companies, insurers, pension funds, sovereign wealth funds, charities, hedge funds, REITs, investment advisors, endowments, and mutual funds. Operating companies which invest excess capital in these types of assets may also be included in the term. Activist institutional investors may also influence corporate governance by exercising voting rights in their investments. In 2019, the world's top 500 asset managers collectively managed $104.4 trillion in Assets under Management (AuM). Although institutional investors appear to be more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses of investment manageme ...
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Umbrella Fund
An umbrella fund is a collective investment scheme that exists as a single legal entity but has several distinct sub-funds which, in effect, are traded as individual investment funds. This type of arrangement originated in the European investment management industry, most notably with the SICAV (an open-ended collective investment). The SICAV model was copied for the UK Open-ended investment company (OEIC) and offshore fund models. Advantages The umbrella fund structure makes it cheaper for investors to move from one sub-fund to another and saves the investment manager costs relating to regulatory duplication. An umbrella fund can also be set up to provide retirement, death and other benefits to members of a participating employer. In such a fund there are several participating employers who enjoy more or less the same benefits and the fund is managed by professional trustees. They cut the cost by saving on maintenance and management fees and sometimes take advantage of reduc ...
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Economic Information Daily
The ''Economic Information Daily'' (), also translated into English as ''Economic Reference Paper'' or ''Economic Reference Daily'', is a Chinese state-run newspaper specializing in economics, based in Beijing. ''Economic Information Daily'' is sponsored and supervised by Xinhua News Agency, and is directly contacted and directed by the Central Policy Research Office of China. Inaugurated in Beijing on 1 July 1981, ''Economic Information Daily'' is the first national economic professional newspaper born during China's Reform and opening up. On 7 December 1990, Deng Xiaoping wrote the name of the ''Economic Information Daily'' in his own handwriting. On July 17, 2013, Wang Wenzhi (王文志), the principal reporter of the ''Economic Information Daily'', reported in his Sina Weibo that the chairman of China Resources Group, Song Lin "Charley" Song Lin (; born February 3, 1963) is a former Chinese business executive. At the pinnacle of his career, he served as the Boar ...
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Chengdu
Chengdu (, ; simplified Chinese: 成都; pinyin: ''Chéngdū''; Sichuanese pronunciation: , Standard Chinese pronunciation: ), alternatively romanized as Chengtu, is a sub-provincial city which serves as the capital of the Chinese province of Sichuan. With a population of 20,937,757 inhabitants during the 2020 Chinese census, it is the fourth most populous city in China, and it is the only city apart from the four direct-administered municipalities with a population of over 20 million (the other three are Chongqing, Shanghai and Beijing). It is traditionally the hub in Southwest China. Chengdu is located in central Sichuan. The surrounding Chengdu Plain is known as the "Country of Heaven" () and the "Land of Abundance". Its prehistoric settlers included the Sanxingdui culture. The site of Dujiangyan, an ancient irrigation system, is designated as a World Heritage Site. The Jin River flows through the city. Chengdu's culture largely reflects that of its province, Sic ...
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Guangdong
Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) across a total area of about , Guangdong is the most populous province of China and the 15th-largest by area as well as the second-most populous country subdivision in the world (after Uttar Pradesh in India). Its economy is larger than that of any other province in the nation and the fifth largest sub-national economy in the world with a GDP (nominal) of 1.95 trillion USD (12.4 trillion CNY) in 2021. The Pearl River Delta Economic Zone, a Chinese megalopolis, is a core for high technology, manufacturing and International trade, foreign trade. Located in this zone are two of the Chinese city tier system, four top Chinese cities and the List of Chinese prefecture-level cities by GDP, top two Chinese prefecture-level cities by GDP; ...
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Investment Management
Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contracts or, more commonly, via collective investment schemes like mutual funds, exchange-traded funds, or REITs. The term asset management is often used to refer to the management of investment funds, while the more generic term fund management may refer to all forms of institutional investment, as well as investment management for private investors. Investment managers who specialize in ''advisory'' or ''discretionary'' management on behalf of (normally wealthy) private investors may often refer to their services as money management or portfolio management within the contex ...
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