• Ministry of Commerce

• Ministry of Finance

• National Development and Reform Commission

• General Administration of Quality Supervision, Inspection and Quarantine

• China Council for the Promotion of International Trade (CCPIT)

• Beijing Municipal Government

Overseas Operators:

CCPIT Sub-Council of Agriculture

Henan Builds RMB4.8B Agricultural Investment Fund

21^st Century Business Herald) Updated:2010-1-27

Henan Agricultural Development Industry Investment Fund was formally established on Jan. 22. The fund, co-sponsored by Henan Provincial People's Government and CITIC Group, will have a total size of RMB4.8B. So far, it has completed the fundraising for its first phase.

The Fund, a contractual type in nature, will be managed by China CITIC Bank as the custodian. The Fund will complete the fundraising in four years. Each phase will consist of RMB200M from the government guidance fund, RMB400M from domestic investors and RMB600M from overseas investors in equivalent foreign currency. To date, RMB600M of the total size has been in place, and the Fund has also obtained a commitment for another RMB600M.

The Fund will mainly be used to invest in high-growth unlisted excellent enterprises specializing in agricultural industrialization and related industries in Henan Province, as well as excellent listed enterprises based in or related to Henan Province and focusing on agricultural industrialization and relevant industries.

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