China launched its mixed ownership reform of state-owned enterprises fund in Shanghai on Tuesday, with a total fund size of 200 billion yuan (US$30.62 billion). The fund will focus on two major aspects of investment directions — core areas and core technologies — to help deepen reform of mixed ownership of SOEs in China. It is the third national-level fund dominated by the State-owned Assets Supervision and Administration Commission and entrusted to state-owned operating companies to launch, following the state-owned venture capital fund and the state-owned enterprise restructuring fund.