On January 5, 2018 local time, The Launching Ceremony of Trade Innovation and Development Fund is held in Beijing. With 30 billion total scale, the Fund is cofounded by Ministry of Finance of PRC, Ministry of Commerce of PRC and China Merchants Group(CMG), which is the only national fund aiming at serving commerce in China and managed by China Merchants Capital.

Deputy Minister of Finance of PRC Hu Jinglin, Assistant Minister of Commerce of PRC and CMG Chairman Li Jianhong attends the ceremony and deliver speeches. CMG Director Li Yinquan attends the ceremony and Director Hong Xiaoyuan presides the ceremony.

Li Jianhong points out the decision that Trade Innovation and Development Fund is managed by CMG reflects the confidence of State Council on CMG. CMG will make full use of strengths to manage and operate funds, attaching importance to quality, innovation and investment.