The Beijing Economic-Technological Development Area (Beijing E-Town), together with Bank of China Financial Asset Investment Co., Ltd. and China Construction Bank Investment Co., Ltd., has recently accelerated the establishment of AIC funds, seeing the total scale of AIC funds in the Beijing E-Town reach 30 billion yuan ($4.14 billion), which will provide strong financial support for the high-quality development of enterprises in the area.

The total scale of the two funds established by the E-Town and Bank of China Financial Asset Investment, as well as the scale of the fund established by the E-Town and China Construction Bank Investment, are 5 billion yuan, respectively. They primarily target investment business in E-Town’s four leading industries, six future industries, and strategic emerging industries.

According to a relevant official from E-Town, in September this year, the National Financial Regulatory Administration expanded the pilot scope of AIC equity investment to 18 cities, including Beijing, Hefei, and Suzhou, to enhance support for technological innovation. Beijing E-Town has actively explored new paths for government-bank cooperation, collaborated with State-owned major banks on innovative funds, and continuously promoted the virtuous cycle of technology, capital, and industry, achieving a leverage effect of over 17 times with fiscal funds.

"The fund jointly established with E-Town focuses on strategically investing in tech innovation enterprises, with all investments directed towards E-Town’s industrial projects to accelerate the growth of advanced manufacturing in the area," said an official from the China Construction Bank.

Currently, the fund has over 30 companies in its investment pipeline and is closely following five tech enterprises.

Since the beginning of this year, E-Town has established the Beijing E-Town Fund Cluster, which focuses on serving national strategies and supporting future industries, with a total scale exceeding 50 billion yuan.

As of now, the cluster includes various types of funds such as direct investment funds, market-oriented sub-funds, merger and acquisition funds, and CVC funds, covering the entire lifecycle of enterprise development. The comprehensive fund management system and healthy fund ecosystem will continuously empower and support the development of Beijing E-Town into an innovative demonstration area for new quality productivity industries.