Reportedly, China Science Ruihua, a RMB1B PE fund, was launched with the approval from the Ministry of Commerce of People's Republic of China (MOC). China Science Industrial Investment Management Co., Ltd. (China Science Investment) under Chinese Academy of Sciences takes the charge of the fund-raising and management of the Fund. China Science Investment was established and controlled by Chinese Academy of Sciences Holdings Co., Ltd. (CAS Holdings). After the establishment of this Fund, China Science Investment will consider establishing a VC fund sized RMB300-500M, a mezzanine fund sized RMB2B for backdoor listings. In addition, it will manage another industrial fund awaiting approval from relevant authority.

China Science Investment completes drawing its investment frame in the financing sector. Its business includes the existing investment banking, securities investment, and the new PE investment.

The LPs of this PE Fund include ORIX CORP, The Export-Import Bank of China, CAS Holdings, Harel Insurance Company, and Tianjin FTZ (free trade zone) Investment Co., Ltd.