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Joint investment fund establishes in Liangjiang
Updated: 2018-12-13
english.liangjiang.gov.cn
Liangjiang Xizheng Investment Fund was officially established in Liangjiang New Area, Chongqing on Dec 6, under the cooperation of Liangjiang Fund Co and Xizheng Equity Investment Co.
The total value of the fund reached 281 million yuan ($40.76 million), 50 percent of which will be operated by Xizheng Equity Investment Co in a market-oriented manner and invested in Liangjiang.
The fund will not only be used in emerging industries such as the advanced manufacturing industry, mobile internet industry and biochemical industry, but also serve to attract more high-quality industrial projects to Liangjiang.
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Representatives of Liangjiang Fund Co and Xizheng Equity Investment Co sign documents for the establishment of Liangjiang Xizheng Investment Fund on Dec 6. [Photo/liangjiang.gov.cn] |
Xizheng Equity Investment Co was established by Southwest Securities Co, Chongqing's first listed financial institution, which registered with a capital of 800 million yuan in 2010.
Liangjiang Fund Co Ltd is a wholly-owned subsidiary of Liangjiang Industrial Group, with capital amounting to 100 million yuan. It willl be in charge of the management of the Liangjiang fund.
The emerging industries in Liangjiang have been developing rapidly since the foundation of the new area eight years ago. The output value of the manufacturing industry has increased by 24.7 percent, the business income of the financial industry has increased by 40.4 percent, while the trading volume of the Chongqing Coffee Exchange has exceeded ten billion yuan.
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Liangjiang Xizheng Investment Fund aims to promote the development of emerging industries in Liangjiang. [Photo/liangjiang.gov.cn] |
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