The Jiangsu Private Equity Investment FOF (FOF) which was initiated by Plateau as the fund manager, with the Jiangsu Branch and the Private Banking Department of ICBC as consultants, has been reviewed and approved successfully by the head office of ICBC recently. 

As the first FOF of ICBC in Jiangsu Province, the initial scale of the fund is RMB 5 billion. Based on Jiangsu province, the fund will focus on the field of mixed ownership reform and special investment opportunities relating to it, including M&A and asset restructuring. 

As a fund manager with an AA credit rating, Plateau is a long-term strategic cooperation institution of ICBC. Through the cooperation of the FOF, the two sides will give full play to their resource advantages and professional experiences respectively, jointly invest and promote the reform and development of mixed ownership in Jiangsu Province and even the whole country.