How did China’s first national tourism industry fund be established?

On May 19, with the official establishment of China Tourism Industry Fund and China Tourism Industry Fund Management Co., Ltd., the total scale of the fund was set at 30 to 50 billion yuan, with the first phase of 10 billion yuan. The state-owned fund was launched. "The fund and its management company are both branded with the word 'China'. This is the first of its kind in the field of tourism industry funds in my country. It is another 'big move' by the National Tourism Administration to pay close attention to tourism investment." The relevant person in charge of the National Tourism Administration People say.

In recent years, as the demand for investment and financing in the tourism industry continues to increase, news of the establishment of tourism industry funds in various provinces (autonomous regions and municipalities) across the country has appeared frequently. Hubei, Chongqing, Yunnan, Sichuan, Jiangxi, Shandong, Guangdong, etc. It has successively established a tourism industry investment fund of more than 2 billion yuan and mobilized a large amount of social capital to promote the transformation and upgrading of the tourism industry. In order to comprehensively promote all-region tourism and the "Tourism +" strategy, the National Tourism Administration actively promotes the establishment of the "China Tourism Industry Fund".

It is understood that the sponsor of the China Tourism Industry Fund is China Tourism Group Corporation, and the fund operates under a limited partnership system, that is, the limited partners bear limited liability up to the amount of capital they subscribe. The total scale of this fund reaches RMB 30-50 billion, with the initial scale of RMB 10 billion.

According to reports, the China Tourism Industry Fund will closely follow the national tourism development strategic hot spots, lead the industry upgrading, and will focus on tourism-related elements such as "food, housing, transportation, travel, shopping, and entertainment", as well as " "Business, nourishment, learning, leisure, emotion, wonder" and other new elements in line with the trend of consumption transformation, actively expand innovative fields such as "tourism +" formats, and create cultural tourism industry clusters and industrial ecosystems.

As for the management of China Tourism Industry Fund, Zhang Xuewu, chairman of China Tourism Group Corporation, said: "In terms of management companies, our group will work with our partners to operate the management company well and operate it through hard work. Good. I believe that under the correct leadership of the National Tourism Administration and the State-owned Assets Supervision and Administration Commission of the State Council, we are full of hope for this fund, and we will strengthen our confidence in running this tourism industry fund and tourism industry fund management company well.

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