China Unicom Invests RMB 1.5 Billion in Central SOE Strategic Emerging Industries Fund

China Unicom announced it will invest RMB 1.5 billion of its own capital into the newly established Central SOE Strategic Emerging Industries Development Fund Co., Ltd., a RMB 51 billion national-level fund designed to support strategic and future-oriented industries. The investment, made through its wholly owned subsidiary Unicom Innovation & Venture Capital Co., Ltd. (联通创投), represents a 2.94% equity stake in the fund.

The fund, structured as a corporate entity, is managed by Central SOE Strategic Emerging Industries Private Equity Fund Management Co., Ltd. (央企战新产业发展私募基金管理有限公司), which completed registration with the Asset Management Association of China in late September 2025 (Registration No. P1075049). Its legal representative, Huang Jie, oversees a registered capital base of RMB 100 million. The fund management company will pursue a dual-track strategy combining direct equity investment and sub-fund participation, focusing on sectors defined by the State Council as part of China’s “nine strategic emerging industries.”

The fund’s major shareholders include a cross-section of China’s largest state-owned conglomerates — China National Petroleum (CNPC) Kunlun Capital, China National Offshore Oil Corporation (CNOOC) Investment, Sinopec Capital, China Mobile Capital, China Telecom Investment, China Baowu Steel Group, China Resources, China Merchants Group, State Power Investment Innovation Capital, and China National Coal Energy, among others.

China Unicom emphasized that the investment is not a related-party transaction and does not constitute a major asset restructuring under listing regulations. Financing will come entirely from Unicom’s internal capital, ensuring no impact on operational liquidity or ongoing business activities.

The move underscores Unicom’s ambition to align with national industrial policy while deepening participation in next-generation sectors such as digital infrastructure, advanced manufacturing, green energy, and AI-driven industrial applications. By joining the fund, Unicom positions itself within a broad central-enterprise investment ecosystem, enhancing its ability to integrate industrial and financial resources.

While the company noted potential risks — including policy shifts, market volatility, and operational uncertainties — it described the initiative as a long-term, strategic capital deployment designed to strengthen China’s innovation capacity and industrial competitiveness.