100-billon-yuan Industry FOF for Integrated Development of Yangtze River Delta Launched
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To respond to the national strategy of integrated development of the Yangtze River Delta and give play to the decisive role of the market in resource allocation, based on its long-accumulated management experience and brand advantage in the field of industrial funds, Shanghai International Group (SIG) has taken the lead in initiating the "Yangtze River Delta Collaborative Advantage Industry Fund", with a total scale of 100 billion yuan and a first-tranche scale of 10 billion yuan. At the Yangtze River Delta Key Leaders Symposium on June 1, the investment cooperation agreement for the fund was signed. It is an enterprise cooperation project best representing the power of marketization.
The initiation of the fund was highly recognized by central enterprises, large-sized state-owned enterprises, private enterprises and financial institutions in Jiangsu, Zhejiang, Anhui and Shanghai, as well as other business entities in the Yangtze River Delta. Among the enterprises involved were SIG, CPIC, Industrial and Commercial Bank of China, Shanghai Rural Commercial Bank, China Development Bank, STVC Company, Shanghai Airport Group, Shagang Group, Lonsen Group, Anhui Provincial Investment Group, Nanjing Jiangbei New Area and Shanghai JuneYao Group.
The fund will be managed by Shanghai Growth FOF Equity Investment Management Co., Ltd. under SIG. With FOF as carrier, by enlarging the investment in the sub-fund of "hard technology", the sub-fund of "industry chain perfection" and the "star program", the fund will attract a total social capital of 100 billion yuan to the Yangtze River Delta to promote the deepened integration of industries and the accelerated development of advantageous industrial enterprises in this region, speed up the formation of future-oriented advantage industry clusters, and keep enhancing international competitiveness.
Signed projects:
