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Guangdong Launches a 50 Billion-Yuan Strategic Emerging Industry Fund and Promptly Invests 4 Billion to Align with the 'National Team'
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Author：小编
State-owned assets in Guangdong are stepping up their deployment of long-term, patient capital. On December 18th, the Guangdong Strategic Emerging Industry Investment Guidance Fund Co., Ltd., a wholly-owned entity of the Guangdong Provincial Department of Finance, was officially established in Guangzhou, boasting a registered capital of 50 billion yuan. A mere four days later, on December 22nd, the fund made its inaugural external investment by channeling 4 billion yuan into the Guangdong-Hong Kong-Macao Greater Bay Area Venture Capital Guidance Fund, which is part of the National Venture Capital Guidance Fund framework, thereby joining forces with the 'national team'.
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