Sichuan Province's First Oil and Gas Resource Equity Investment Guidance Fund Established with Initial Scale of 1 Billion Yuan

Rui Cai Jing Yan Ming Hui Recently, Sichuan Province’s first oil and gas resource equity investment guidance fund—the Sichuan Energy Development Oil and Gas Resource Equity Investment Guidance Fund—has officially been filed with the Asset Management Association of China.

The first phase of the fund has a scale of 1 billion yuan, managed by Sichuan Chuantou Hangxin Private Fund Management Co., Ltd., a subsidiary of Sichuan Energy Development Group.

This fund is the first sub-fund under the Sichuan Resource and Energy Investment Guidance Fund and is an important part of Sichuan’s trillion-yuan parent and subsidiary fund cluster. It is reported that the fund will focus on oil and gas resource exploration and development within the province, as well as high-quality projects in the industrial chain. The first phase plans to invest in Sichuan Nengtou Tianfu Oil and Gas Exploration and Development Co., Ltd.

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