It's Happening....
Industrial and IT fund launched
- Details
- Category: Governmental News
- Published: Tuesday, 07 July 2015 09:01
There is another engine for the industrial transformation and upgrading in Ningbo. On June 30, the first industrial fund of Ningbo Industrial Development Fund—Ningbo Industrial and IT Fund was officially initiated. The first three sub-funds reach 2.1 billion yuan, which will be mainly invested into the high-end equipment manufacturing, new material, new energy and new generation of electronic information.
At the ceremony on June 30, Ningbo Industry and IT Industrial Fund signed a contract with CCB International to build "Ningbo Industry and IT CCB Fund"; it also signed a contract with BC International to build "Ningbo Industry and BC Fund"; it also set up "Ningbo Industry and IT Hefeng Fund" with Ningbo Industry Investment Group. Ningbo Industry and IT Industrial Fund will invest 1 billion for the first three sub-funds, which will help to raise about 1.1 billion financial and social capitals.
Ningbo Industry and IT Industrial Fund will place emphasis on the development of high-end equipment manufacturing, new material, new energy and new generation of electronic information, internet, net of things, software, information service, biological technology, modern manufacturing service industry and the transformation and upgrading of competitive industry. It will also support startups and merging and reorganization projects. With the sustainable development of the fund, the scale and number of sub-funds
