The first batch of cooperation and investment projects between the two major master funds in Guangzhou have signed contracts totaling over 40 billion yuan
2023-09-20
The 2023 Guangzhou Industrial Master Fund Conference will be held on September 19th. The Guangzhou Industrial Investment Master Fund with a scale of 150 billion yuan (RMB, the same below), the first batch of cooperative sub funds of the Guangzhou Innovation Investment Master Fund with a scale of 50 billion yuan, and some investment projects have been signed and landed, with a signed scale exceeding 40 billion yuan. Guangzhou is the city with the most complete range of industrial categories in South China. In 2022, it achieved a total industrial output value of 2346.8 billion yuan, and has formed six advanced manufacturing clusters with an output value exceeding 100 billion yuan. The two parent funds mentioned above were officially announced and established in February this year, and management measures were introduced in August. Currently, they have reached an agreement of over 60 billion yuan. The Guangzhou Industrial Investment Master Fund, with a scale of 150 billion yuan, mainly invests in fields such as new generation information technology, intelligent and new energy vehicles, biopharmaceuticals and health, intelligent equipment and robots, rail transit, new energy and energy conservation and environmental protection, new materials and fine chemicals, and new consumption. Key cooperation with leading professional investment institutions, industry leaders, and chain owners. The Guangzhou Innovation Investment Master Fund, with a scale of approximately 50 billion yuan, focuses on "investing early, investing small, investing in technology, and investing in innovation", promoting angel investment and seed investment, as well as the transformation of talent and technological achievements. It focuses on cooperating with well-known universities, research institutes, new research and development institutions, leading talents/scientists, and excellent early stage investment institutions. The total signing scale of this conference exceeds 40 billion yuan, including 8 sub funds signed for industrial master fund cooperation, 7 sub funds signed for venture capital master fund cooperation, 6 landing industrial projects, and 4 high-end think tanks. More than half of the projects are located in Huangpu District, Guangzhou. The Industrial Investment Master Fund has officially signed contracts with 8 institutions, including Guoxin Fund, GAC Capital, IDG Capital, Bank of China Asset Management, Junlian Capital, CICC Capital, Fengrui Capital, and Wuyuefeng Science and Technology Innovation. There are 7 sub funds that have signed cooperation agreements with the Innovation Investment Master Fund, including four research institutes. Gao Dongwang, Chairman of Guangzhou Industry and Investment Group, the initiator of the two parent funds mentioned above, stated that the group operates a total area of over 650000 square meters in the construction park, providing a physical space and development carrier for venture capital projects; Provide full factor design, full process accompanying, and full cycle services for investment enterprises; And play the leading and driving role of state-owned capital, leverage social capital, promote investment, promote production, and promote innovation through investment. Gao Dongwang also revealed that the contracted project has been strictly screened and insists on not signing if all parties fail to fulfill the decision-making process, if the project does not have clear target tasks or investment quotas, or if the industrial project cannot be linked to the urban area. (New News Agency)
Edit：Hu Sen Ming Responsible editor：Li Xi
Source：ecns.cn
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