December 05, 2020

Henan Advanced Manufacturing Fund's first phase of 3 billion yuan will be launched

Abstract Recently, 28 projects of Henan Advanced Manufacturing Cluster Cultivation Fund have passed investment decisions, and the first phase of the scale of 3 billion yuan will be launched. This is also the fund with the largest amount of funds and the largest number of projects in the fund-based reform of financial-related enterprises in Henan Province. As of 201...
A few days ago, 28 projects of the Henan Advanced Manufacturing Cluster Cultivation Fund have passed investment decisions, and the first phase of the scale of 3 billion yuan will be launched. This is also the fund with the largest amount of funds and the largest number of projects in the fund-based reform of financial-related enterprises in Henan Province.
As of the end of June 2017, the advanced manufacturing fund had passed 28 decision-making projects with a total decision-making amount of 3.09 billion yuan, including 24 direct investment projects with a decision-making amount of 2.89 billion yuan; 4 sub-fund projects, and an advanced manufacturing fund investment amount of 2 100 million yuan. The fund investment field covers the industries of high-growth manufacturing electronic information, equipment manufacturing, automobiles and parts, as well as bio-pharmaceuticals, energy-saving and environmental protection, and new materials in strategic emerging industries.
It is understood that Henan Advanced Manufacturing Fund is one of the first batch of funds established in the reform and establishment. It was established in June 2015. The first phase of the fund has a total scale of 3 billion yuan, including a financial contribution of 1 billion yuan to support the development of key industrial clusters in the province. The project provides financial support for the construction of a strong province for advanced manufacturing.
At the same time as direct investment enterprises, the fund has also set up sub-funds or special funds with local governments to further expand the scale of funds and achieve precise support for local industries. Up to now, four sub-funds have been established, with a total scale of 1.03 billion yuan.

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