Jiangsu: The third batch of industrial special funds of the provincial war new mother fund has been launched.

The strategic emerging industry mother fund of Jiangsu Province has made significant progress: On July 11, the provincial government signed a framework cooperation agreement with China Chengtong Holdings Group, and the framework agreement for the establishment of the Chengtong Innovation Investment Fund Company Limited with a scale of 10 billion yuan was officially signed. On July 12, it was further learned from the provincial war industry fund management department that the third batch of 5 industry-specific funds, including the Chengtong Innovation Fund, with a total scale of 15.5 billion yuan, has entered the substantial formation stage. So far, a total of 41 industry-specific funds have been established and funded by the provincial war industry mother fund, with a total scale skyrocketing to 106.9 billion yuan, significantly improving the capital level, and achieving full coverage of all 13 prefecture-level cities in the province. The provincial war industry mother fund officially started operations on June 21 last year with a total scale of 50 billion yuan. Over the past year, the fund has fully leveraged the leverage effect of government-guided funds, with remarkable results: the first two batches have established a total of 36 industry-specific funds with a scale of 91.4 billion yuan, investing in a total of 86 projects, successfully guiding state-owned enterprises such as Guotou Group, China Construction Investment, CRRC Fund, and other top investment institutions to converge capital in Jiangsu, effectively supporting the development and growth of the province's strategic emerging industries and future industries.