The government of Foshan city in Guangdong province has launched a US$733.08 million (RMB5 billion) fund aimed at giving financial support to small- and medium-sized enterprises (SMEs) that manufacture high value-added products, the Shanghai Securities News reported. Any SME that has US$29.32-43.99 million (RMB200-300 million) in net assets and is involved in the white goods, metal processing, electronics, new materials, energy conservation and biopharmaceutical sectors is eligible for funding. The Guangdong provincial government has set a goal to help 100 local firms with restructuring, of which it aims to list 60 domestically or offshore to raise a combined US$4.40 billion (RMB30 billion) by 2011.