Jiangsu province has established a fund dedicated to increasing investment and expanding production in strategic emerging industries. The fund, with a total scale of 10 billion yuan, was officially launched in Suzhou on May 8. It is jointly funded by the Jiangsu Provincial Strategic Emerging Industries Mother Fund and 13 prefecture-level cities. The fund's launch ceremony was attended by senior provincial and municipal officials, including Governor Liu Xiaotao, who presided over the unveiling.
The primary objective of the Jiangsu Provincial Fund for Investment Expansion and Production in Strategic Emerging Industries is to support high-quality enterprises in expanding effective investment and enhancing high-end manufacturing capabilities within the strategic emerging industries sector. This support will be channeled through methods such as technological upgrades, mergers and acquisitions, and private placements. The fund aims to deepen the integration of technological innovation and industrial innovation, signifying a new, systematic phase in Jiangsu's efforts to back corporate growth and drive industrial upgrading.
The fund will adhere to market-oriented, rule-of-law-based, and professional operations. It is designed to function as "patient capital," supporting a group of key enterprises with strong growth potential and significant ripple effects to help them scale up and become more robust. Currently, the fund has been established and is operating in the Dongshahu Fund Town in Suzhou. It will concentrate on key sectors including integrated circuits, biopharmaceuticals, new energy, and high-end equipment. The goal is to accelerate the identification and implementation of high-quality projects, guiding the accelerated agglomeration of innovative resources such as capital, talent, and technology to precisely empower the development of new quality productive forces.
During the launch event, strategic cooperation agreements were signed between Jiangsu High-tech Investment Group, Suzhou Venture Capital Group, and Suzhou Yuanhe Holdings. Following the unveiling ceremony, a forum was held involving fund partners and representatives from key enterprises. Relevant government departments, contributing units, and representatives from 27 companies engaged in discussions centered on corporate development needs, fund operation models, and potential areas for collaboration. The event was also attended by other provincial and municipal officials, as well as representatives from financial investment institutions, fund contributors, and enterprises.
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