5 billion equity investment fund Luochen City supports Foshan's emerging industry development (VC320)

On September 14th, the Foshan Zhongke Jinchan Smart Industry Equity Investment Fund, with a total scale of 5 billion yuan, was officially established a few days ago and will focus on supporting the development of Foshan's strategic emerging industries. This is Foshan's first record-based equity investment fund. According to reports, at present, China Merchants has reserved more than 10 high-quality projects for the fund.

"Zhongke Jinchan Smart Industry Equity Investment Fund will also become the largest record-keeping equity investment fund established in prefecture-level cities in Guangdong." Xie Yong, general manager of Guangdong Zhongke Investment Promotion, revealed that China Science and Technology Investment has established a provincial record in Guangzhou Zhongke Baiyun Equity Investment Fund, a scale of 5 billion yuan.

It is understood that Foshan Zhongke Jinchan Smart Industry Equity Investment Fund is jointly established by municipal and district-level government guidance funds, as well as local high-quality social capital and managerial capital.

In July 2011, Foshan Investment Holdings Co., Ltd. represented the city's state-owned assets, and Chancheng District Holdings Co., Ltd. represented the financial affairs of Chancheng District. As the promoters of the China Science and Technology Jinchan Fund, they jointly invested 100 million yuan as the first phase of government guidance. Funds, the rest of the funds are all organized by China Science and Technology Investment Promotion Organization. It is reported that the current fund attracts the participation of many local private enterprises such as Guangdong New Pearl Ceramics Group Corporation. At present, the first fund of 500 million yuan has been raised in place. In the future, the total fund size will reach 5 billion yuan. It is expected that the fundraising will be completed within 3 years.

"Through the cooperation of government-guided funds and equity investment management companies, building a multi-level, multi-channel, flexible and innovative capital platform not only accelerates the breeding of local emerging industries and the optimization and upgrading of traditional industries, but also promotes the equity investment industry in Chancheng District and even the city. Accelerated development, "said Qiao Yu, deputy head of Chancheng District.

"The fund will focus on supporting Foshan's smart industries and strategic emerging industries, giving priority to the leading companies in the industry to be listed in Foshan and Chancheng District, as well as companies with high growth, high technology and high potential." Xie Yong revealed that Zhongke China Merchants has reserved more than 10 high-quality projects for the fund, including leading enterprise projects in strategic emerging industries and leading enterprise projects in traditional industries, and they all share a common feature, namely, they have a good listing basis and clear Listing plan. "After the fund joins, in addition to providing financial support, it will also use the manager's rich operating experience and network resources in the capital market to help these companies grow stronger and bigger, and effectively connect with capital." Xie Yong said.

"The development of the fund in Foshan can be said to have just started, and there is still much room for future development." Zeng Zhaowu, director of the Foshan Financial Work Bureau, believes that there are about 50 funds in Foshan, with a total capital of about 8 billion yuan. There are many small and medium-sized enterprises in Foshan. Among them, more than 2,600 have an annual output value of more than 100 million yuan, and they can all enter the field of investment.

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