Editoria e Media
SW China's Chengdu to set up 11 industrial sub-funds, expecting to raise $1 billion
A subsidiary engaging in industrial fund management under Chengdu Jiaozi Financial Holding Group Co Ltd entered into agreements, respectively, with 11 fund management institutions including Shanghai SIIC Fund Management Co Ltd, Shanghai Stone Capital Co Ltd, a subsidiary for talent investment fund management under Shenzhen HTI Group Co Ltd, Shenzhen GTJA Investment Group Co Ltd, Founder H Fund Co Ltd as well as Chengdu Innovation Venture Capital Co Ltd.
According to the agreements, 11 sub-funds for developing industries within the "5+5+1" frame will be established, with the goal to raise about 8 billion yuan ( 1.1 billion U.S. dollars ).
Photo - https://mma.prnewswire.com/media/1055276/2019_Western_China_Capital_Innovation_Summit.jpg