Guangzhou City, CAS Launch $144M Fund To Invest In Science and Technology Projects In Greater Bay Area

News Source: China Money Network.

Guangzhou Jinkong Fund, a subsidiary of state-owned Guangzhou Finance Holdings, has launched a new fund with the Chinese Academy of Sciences (CAS) with a focus on science and technology Investments,according to an announcement.

The collaboration agreement was signed by the Guangzhou municipal government and the Chinese Academy of Sciences, China’s top state research institution. It is the latest effort in realizing Beijing’s vision of building the Greater Bay Area into an International science and technology innovation center.

The new fund has been launched with RMB300 million (US$43.24 million) in seed capital to invest in intelligent manufacturing, new energy materials, as well as energy saving and environmental protection projects. It will be managed by Guangzhou Jinkong Fund a...

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