CRRC Corporation Ltd.

OpenCalais Metadata: Ticker

601766

OpenCalais Metadata: LegalName

CRRC Corporation Limited

China Will Modernize its Industry with $ 21 Billion

On Monday, the government announced the creation of a national fund to promote the transformation and modernization of industry. The registered capital is 147.2 billion yuan ($ 21.02 billion), according to a message from CRRC Corporation Ltd., one of the fund's shareholders. It has a total of 20 companies and the Ministry of Finance is the largest shareholder with 15.29%.