The first batch of industry-specific funds of Jiangsu Provincial Strategic Emerging Industry Mother Fund have all been registered and landed.

China Securities News (Reporter Meng Peijia) Jiangsu Province’s strategic emerging industry mother fund has made significant progress. The reporter learned from the fund on December 31 that on December 30, the Nanjing Future Industry Angel Fund and the Nanjing Zijin Mountain Future Industry Angel Fund, funded by the provincial mother fund, successfully completed industrial and commercial registration, marking the registration and landing of the first 14 industry-specific funds.

According to reports, the Nanjing Future Industry Angel Fund has a scale of 1 billion yuan, relying on the Jiangsu Province’s ‘1650’ industrial system, ‘51010’ strategic emerging industry system, and the Nanjing City’s ‘2+6+6’ innovative industrial cluster, comprehensively layout the future industry; the Nanjing Purple Mountain Future Industry Angel Fund has a total scale of 500 million yuan, closely focusing on the scientific research achievements and industrialization direction of the Purple Mountain Laboratory, focusing on the ‘2+3+4’ industrial system, namely the next generation information network, new types of electronic components, computational internet, space information, and metaverse, as well as industrial internet, smart grid, smart terminals, and intelligent connected vehicles.

On December 30th, Suzhou Jinyumaowu High-end Equipment Fund, which is co-invested by Suzhou Zhanxin Industrial Special Mother Fund, was also registered and landed, becoming the first industrial sub-fund of Zhanxin Fund Cluster to complete industrial and commercial registration. The fund has a total scale of 1 billion yuan and mainly invests in early, growth, and mature stage enterprises in the high-end equipment field. It will provide strong financial support and resource integration services for high-end equipment manufacturing enterprises, and help enterprises achieve breakthroughs in technological innovation, product research and development, and market expansion.

"Jiangsu attaches great importance to the development of strategic emerging industries. As an important starting point for leading the development of emerging industries, the provincial FOF implements a three-tier structure of ‘provincial FOF-industry-industry special fund-industrial sub-fund’, which can not only give full play to the advantages of funds at all levels and achieve optimal allocation of resources, but also accurately implement the strategic intent of the provincial FOF through multi-level coordination, attract all kinds of capital to invest in strategic emerging industries, and further stimulate market vitality. The relevant person in charge of the Jiangsu Provincial Strategic Emerging Industries Fund of Funds said.

It is worth noting that on December 30th, Innoventech (Suzhou) Technology Co., Ltd. was listed on the main board of the Hong Kong Stock Exchange. It is reported that this is the first listed project of the strategic emerging industry mother fund of Jiangsu Province, directly invested by its sub-fund, the Suzhou High-end Equipment Industry Specialized Mother Fund. Innoventech was established in 2017 and is a high-tech enterprise focusing on the research and manufacturing of third-generation gallium nitride chips.

(Source: China Securities Journal · Securities Times)

Source: East Money

Author: China Securities Journal · Securities Times Online