The first oil and gas resources equity investment guidance fund in Sichuan Province launched with an initial scale of 1 billion yuan.

Golden Ten Data, March 10 – Recently, Sichuan Province's first oil and gas resources equity investment guidance fund—the Sichuan Province Energy Development Oil and Gas Resources Equity Investment Guidance Fund—has been officially registered with the Asset Management Association of China. The initial scale of the fund is 1 billion yuan, with Sichuan Chuantou Hangxin Private Fund Management Co., Ltd., a subsidiary of Sichuan Energy Development Group, serving as the fund manager. This fund is the first sub-fund under the Sichuan Province Resources and Energy Investment Guidance Fund and is also an important part of Sichuan Province's 100 billion-level mother-son fund cluster. According to the introduction, the fund will focus on investing in high-quality projects related to oil and gas resource exploration, development, and the industrial chain within the province. The first phase is planned to invest in Sichuan Energy Investment Tianfu Oil and Gas Exploration and Development Co., Ltd.