The nation's newest asset management company announced its future investments, China Securities Journal reported Monday. Xie Qihua, the board chairwoman of China Reform Holdings Corp Ltd, said the company will focus on core resources and strategic emerging industries.

China Reform Holdings, which is wholly owned by State-owned Assets Supervision and Administration Commission (SASAC), was founded in December 2010 with 4.5 billion yuan ($681 million) in registered capital. It was defined as a market-based platform to operate and manage the State-owned assets in accordance with the SASAC's upgraded allocations for State-owned enterprises (SOEs).

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It is impossible for China Reform Holdings to invest in central SOEs' auxiliary businesses, as the country already has platforms for managing those assets, Xie said. The company will focus on the regrouping within central SOEs, or the regrouping between central and local SOEs or private companies, according to the report.

Xie said China Reform Holdings will invest in non-renewable resources and strategic emerging industries. However, the competitive industries will not be the company's investment target as central SOEs may consider withdrawing from those industries in the future.

While choosing the investment targets, factors such as the enterprise's scale, rating or profits will not be considered, Xie said. She also said the capital of the company may be increased, according to the report.