Fuzhou High-tech Zone Government Industrial Development Fund was established, focusing on investment in strategic emerging industries

On May 7, the Fuzhou Hi-Tech Zone Government Industrial Development Fund, namely the Fuzhou Hi-Tech Zone Straits Equity Investment Partnership (Limited Partnership), successfully passed the registration with the Asset Management Association of China, marking the official establishment of the fund. 

Image source: High-tech Fuzhou

It is understood that the Fuzhou High-tech Zone Government Industrial Development Fund is funded by Fuzhou High-tech Zone Straits Financial Holding Group Co., Ltd. and managed by Fuzhou High-tech Zone Straits Venture Capital Management Co., Ltd., with a management scale of 200 million yuan. In the future, it will expand the management scale to more than 2 billion yuan through the "parent fund + sub-fund" model, and adopt a combination of project investment and sub-fund investment to encourage, support and guide social capital to invest in high-tech fields that are in line with the country's key support, with a focus on investing in enterprises in key industries, characteristic industries and strategic emerging industries in Fuzhou High-tech Zone.

At present, Fuzhou High-tech Zone, led by leading enterprises such as Huaying Technology, StarNet Ruijie, and Newland, is fully committed to promoting the development of high-tech industries, and has initially formed a "131" industrial development pattern with new generation information technology industry as the leading feature, equipment manufacturing, biotechnology, and new materials industry as the focus of cultivation, and modern service industry as the support. It has successively won honors such as National (Fuzhou) Display Device Industrial Park, National Torch Program Software Industry Base, National Semiconductor International Innovation Industry Base, National Software and Integrated Circuit Talent International Training Base, and National Expert Service Base.