{"id":4780,"date":"2016-07-07T14:06:42","date_gmt":"2016-07-07T14:06:42","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=4780"},"modified":"2016-07-07T14:06:42","modified_gmt":"2016-07-07T14:06:42","slug":"chinas-xcmg-construction-machinery-co-sets-up-a-fund-management-company","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/chinas-xcmg-construction-machinery-co-sets-up-a-fund-management-company\/","title":{"rendered":"CHINA\u2019S XCMG Construction Machinery Co sets up a fund management company"},"content":{"rendered":"<p>CHINA\u2019S <a href=\"http:\/\/xgjx.xcmg.com\/company-en\/\" target=\"_blank\" rel=\"noopener noreferrer\">XCMG Construction Machinery Co <\/a>has set up a fund management company with two major industrial groups as it widens its financial investment, and plans to increase the investment in its Brazilian subsidiary by nearly US$100 million as part of its global expansion.<\/p>\n<p>China Communications Construction Co and Yanzhou Coal Mining Co also invested in the new firm that has a registered capital of 200 million yuan (US$30 million). XCMG has a 21 percent stake in the firm, with 49 percent for China Communications Construction and 30 percent for <a href=\"http:\/\/www.yanzhoucoal.com.cn\/en\/node_121.htm\" target=\"_blank\" rel=\"noopener noreferrer\">Yanzhou Coal Mining<\/a>.<\/p>\n<p>The new firm seeks to boost cross-industry cooperation and broaden financial investment by raising funds, selling funds and managing capital.<\/p>\n<p>Zhang Qi, an analyst at Haitong Securities, said the slowing economy has forced construction companies to diversify investment.<\/p>\n<p>XCMG, China\u2019s largest construction equipment maker, also said it will invested US$99.7 million more in its manufacturing subsidiary in Brazil as part of its global strategy.<\/p>\n<p>Zhang said the investment in its Brazilian unit is driven by demand for infrastructure in emerging markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHINA\u2019S XCMG Construction Machinery Co has set up a fund management company with two major industrial groups as it widens its financial investment, and plans to increase the investment in its Brazilian subsidiary by nearly US$100 million as part of its global expansion. China Communications Construction Co and Yanzhou Coal Mining Co also invested in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[2,8],"tags":[1631],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CHINA\u2019S XCMG Construction Machinery Co sets up a fund management company - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/chinas-xcmg-construction-machinery-co-sets-up-a-fund-management-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CHINA\u2019S XCMG Construction Machinery Co sets up a fund management company - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"CHINA\u2019S XCMG Construction Machinery Co has set up a fund management company with two major industrial groups as it widens its financial investment, and plans to increase the investment in its Brazilian subsidiary by nearly US$100 million as part of its global expansion. China Communications Construction Co and Yanzhou Coal Mining Co also invested in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cranemarket.com\/blog\/chinas-xcmg-construction-machinery-co-sets-up-a-fund-management-company\/\" \/>\n<meta property=\"og:site_name\" content=\"MachineMarket Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-07T14:06:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2016\/07\/xcmg-heavy-equipment.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"433\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/machine.market\/blog\/#organization\",\"name\":\"CraneMarket | Cranes for Sale and Rent\",\"url\":\"https:\/\/machine.market\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/machine.market\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2019\/03\/crane-market-logo.png\",\"width\":282,\"height\":81,\"caption\":\"CraneMarket | Cranes for Sale and Rent\"},\"image\":{\"@id\":\"https:\/\/machine.market\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/machine.market\/blog\/#website\",\"url\":\"https:\/\/machine.market\/blog\/\",\"name\":\"MachineMarket Blog\",\"description\":\"Machine News\",\"publisher\":{\"@id\":\"https:\/\/machine.market\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/machine.market\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cranemarket.com\/blog\/chinas-xcmg-construction-machinery-co-sets-up-a-fund-management-company\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2016\/07\/xcmg-heavy-equipment.jpg\",\"width\":650,\"height\":433},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cranemarket.com\/blog\/chinas-xcmg-construction-machinery-co-sets-up-a-fund-management-company\/#webpage\",\"url\":\"https:\/\/cranemarket.com\/blog\/chinas-xcmg-construction-machinery-co-sets-up-a-fund-management-company\/\",\"name\":\"CHINA\\u2019S XCMG Construction Machinery Co sets up a fund management company - MachineMarket Blog\",\"isPartOf\":{\"@id\":\"https:\/\/machine.market\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/chinas-xcmg-construction-machinery-co-sets-up-a-fund-management-company\/#primaryimage\"},\"datePublished\":\"2016-07-07T14:06:42+00:00\",\"dateModified\":\"2016-07-07T14:06:42+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cranemarket.com\/blog\/chinas-xcmg-construction-machinery-co-sets-up-a-fund-management-company\/\"]}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/cranemarket.com\/blog\/chinas-xcmg-construction-machinery-co-sets-up-a-fund-management-company\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/chinas-xcmg-construction-machinery-co-sets-up-a-fund-management-company\/#webpage\"},\"author\":{\"@id\":\"https:\/\/machine.market\/blog\/#\/schema\/person\/d55314291bc2800387533231d1e82150\"},\"headline\":\"CHINA\\u2019S XCMG Construction Machinery Co sets up a fund management company\",\"datePublished\":\"2016-07-07T14:06:42+00:00\",\"dateModified\":\"2016-07-07T14:06:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/chinas-xcmg-construction-machinery-co-sets-up-a-fund-management-company\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/machine.market\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/chinas-xcmg-construction-machinery-co-sets-up-a-fund-management-company\/#primaryimage\"},\"keywords\":\"xcmg\",\"articleSection\":\"Constuction &amp; 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