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Investment fund for nantong major industrial Projects was established

On the morning of 12th, nantong city held the establishment conference of investment fund for regional major industrial projects to witness the establishment of 5 regional funds. Wang Hui, deputy secretary and mayor of Nantong, attended the meeting and awarded the five regional funds.


The Municipal Party Committee and the municipal government of Nantong have studied and decided to set up investment funds for major industrial projects under the framework of the municipal industrial investment parent fund, and establish regional funds in cooperation with all districts (parks) in accordance with a certain proportion of investment, mainly to invest in major industrial projects and high-growth science and innovation enterprises in the district. The investment operation of regional fund takes the policy effect as the primary goal and follows the requirements of fund professional management. The investment decision and management of specific projects are carried out in each district (park). Investment decision committees are set up in each district (park).


Wang hui stressed that good to plan as a whole "government" and "market dimensions", accurately grasp the original intention of setting up a regional fund, breaking the "rigid redemption" and "fixed income" model, focus on municipal party committee municipal government support of major projects, key industries, solve good markets for seed and early-stage kechuang enterprise can't shoot, don't want to cast the problem. It is necessary to focus on local industries and local enterprises, focus on the "3+3+N" industrial system of Nantong, and help local enterprises to grow bigger and stronger through effective investment of industrial projects one by one, promote industrial transformation and upgrading, and realize high-quality development in the region. To adhere to the market-oriented operation, standardized management, establish and improve the modern enterprise management system, take the limited partnership model introduced fund management companies, the head of the good project management, investment exit after he before decision, shot, overall propulsion angel investors, venture capital and pre-ipo investment and other kinds of investment, improving fund efficiency and investment efficiency.


Municipal Standing Committee, executive vice Mayor Shan Xiaoming presided over the meeting, municipal secretary Chen Jun attended the meeting.


Source: Jiangsu, China