Chongqing, May 5 (ZXS) -- The Chongqing Industrial Investment Fund of Funds was established locally on 19 May, with a total capital scale of 19 billion yuan (RMB, the same below). The fund of funds strives to form an industrial fund cluster of more than 2000 billion yuan through amplification effect, and drive investment in Chongqing's advanced manufacturing industry of more than one trillion yuan, helping Chongqing to build an important national advanced manufacturing center.
Chongqing Industrial Investment Fund of Funds is jointly initiated and established by Chongqing Yufu Holding Group and two national development zones of Chongqing Liangjiang New Area and Chongqing High-tech Zone, with Chongqing Yufu Capital Equity Investment Fund Management Co., Ltd. as the fund manager, mainly invested in Chongqing's advanced manufacturing industrial cluster, digital economy, state-owned asset layout industry and integration and restructuring, and dynamically adjusted according to Chongqing's industrial development strategy.
It is understood that the Chongqing Industrial Investment Fund focuses on industrial clusters such as Chongqing electronic information and trillion-level intelligent networked new energy vehicles, and jointly establishes a sub-fund group with leading investment institutions and industrial parties; At the same time, it pays attention to major projects of advanced manufacturing outside the city that are interested in developing in Chongqing, Chongqing enterprises such as main enterprises of advanced manufacturing chain, specialized and special new enterprises, scientific and technological innovation enterprises, enterprises to be listed, and key links of the manufacturing industry ecological chain, and promotes Chongqing's industrial chain to strengthen the chain, expand the chain, supplement the chain, and extend the chain.
In addition, the Chongqing Industrial Investment Fund of Funds operates in the "sub-fund + direct investment" model. The sub-funds are divided into industry funds, regional funds and special funds, and in principle, special funds and direct investment projects invest in industrial projects in Chongqing or attract investment into Chongqing.
The conference attracted more than 18 investment institutions and industry representatives such as CICC Capital, Hillhouse Investment, Sequoia China, and Ford Motor Company. During the event, Yufu Holding Group signed contracts with 5 investment institutions, 3 industrial enterprises and <> financial institutions, covering intelligent networked new energy vehicles, intelligent terminals and equipment, advanced materials, green food, biomedicine, new energy, artificial intelligence and other fields.
Li Donghui, CEO of Zhejiang Geely Holding Group Co., Ltd., said that since 2020, Geely has regarded Chongqing as a strategic investment key area for enterprise transformation and upgrading, and has actively participated in the construction of the Chengdu-Chongqing Twin Cities Economic Circle. Chongqing Industrial Investment Fund focuses on investment cooperation in advanced manufacturing, digital economy and other fields, which will further empower the high-quality development direction of Chongqing's advanced manufacturing industry and bring more development opportunities to advanced manufacturing enterprises including Geely. (End)