Biggest PE fund set up in Guiyang

Private equity investment fund has been recently established in Guiyang, capital city of Southwest China's Guizhou province, with the overall scale of 1 billion yuan.

According to local media reports, the fund is reportedly the biggest investment fund in province's history.

The fund is a co-operative of about 11 corporations, including some renowned State-owned companies.

With modern management methods, it will further strengthen the province's financing as well as attract more investors, further boosting the social and economic development of the southwestern province, the report added.