Siming financial town becomes a cluster of equity institutions
- Details
- Category: Ningbo District
- Published: Monday, 01 February 2016 14:05
Thanks to the establishment of Siming financial town, all sorts of equity institutions gather in Yinzhou at great speed. During the fourth quarter of last year, in particular, many institutions that originally registered in places such as Beijing and Shanghai located themselves in Siming financial town.
The major function of the town is to give full play to the allocation of capital and assets in market, in other words, to collect more capital in the town and distribute to industries.
In recent years, Yinzhou district has been cultivatingequity funds and creating good environment for innovation and business development. Some equity funds even produce a snowball effect. For instance, after CGP Investment settled in Yinzhu, it established fund of funds to invest in angel funds
