Fujian State-owned Assets, Industrial Bank Investment, and other newly established technology innovation equity investment funds.

According to the Qi Cha Cha app, recently, Fujian Province has established a Technology Innovation Equity Investment Fund partnership company, with a business scope including private equity funds engaging in equity investment, investment management, and asset management activities. Equity penetration data from Qi Cha Cha shows that the company is jointly funded by the Fujian Provincial Government Investment Fund Co., Ltd., and Industrial and Commercial Bank of China Financial Asset Investment Co., Ltd.