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China Chengtong and the Jiangsu Provincial Government have collaborated to launch the 10 billion yuan Chengtong Science and Innovation (Jiangsu) Fund. This fund is dedicated to investing in four key sectors, with a particular emphasis on new materials, thereby infusing capital vitality into scientific and technological endeavors. To foster a robust industrial ecosystem, the fund will join forces with the Beijing Venture Capital Fund of Funds. Furthermore, Chengtong has established the Suzhou Shishi Material Achievement Transformation Fund in Suzhou, which is centered on the industrialization of new materials and expedites the transformation of technological achievements. The Beijing fund, with an initial size of 10 billion yuan, adopts a diversified and collaborative structure aimed at fostering a deeper integration between technological innovation and industry.
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