Companies

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%.

Italgas to enter Greek market

Italy's biggest natural gas distribution company, Italgas, is on the verge of entering the Greek market.

Kathimerini understands that Europe's third largest gas distributor is very close to reaching an agreement with fellow Italian Eni Gas e Luce for the acquisition of the latter's portfolio in the Greek gas grid.

Most of China's New Billionaires for 2018 Are from the Technology Sector

Technology entrepreneurs in China are taking advantage of the digital economy boom in the country, amassing a huge fortune in 2018, according to a report.

21% of the 56 new Chinese billionaires for 2018 came from the technology sector, while only 7% came from the real estate industry, an industry that traditionally creates the richest Chinese entrepreneurs.

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