Guangdong Foshan New Energy Industry Fund signs agreement with sub-fund with a total scale of 10 billion yuan. The investment will go towards the robotics industry.

Foshan Financial Investment Holdings Co., Ltd. recently announced that the Guangdong Intelligent Robotics Industry Investment Fund has become the first cooperative sub-fund of the Foshan New Dynamic Industry Fund. The total size of the fund is 10 billion yuan, with an initial size of 2 billion yuan and a duration of 10 years. It is jointly established by Foshan Golden Holdings Co., Ltd., Guangdong Hengjian Holdings Co., Ltd., Industrial and Commercial Bank of China Financial Assets Investment Co., Ltd., and other central and provincial, municipal state-owned enterprises. The fund was reviewed and publicly announced by the Foshan New Dynamic Fund Joint Meeting on November 28th, with Foshan's contribution not exceeding 200 million yuan.