On the afternoon of Nov 28, Changzhou National Hi-Tech District (CND) released the planning of Jiangnan New Financial Innovation Park. The Park will lead the interactive development of industry and finance, and provide a new model for the supply-side reform of the financial industry in Changzhou.
Zhou Bin, member of the Standing Committee of CPC Changzhou Municipal Committee and secretary of the Party Committee of CND, attended the meeting.
Located in the center of Changzhou National Hi-tech Zone, the Park covers an area of 0.26 square kilometers. It is planned to focus on private equity funds, financial control platform, business education and technology incubation to develop a new type of financial integration of industry, technology and the city. It aims at gathering capital of 100 billion yuan, reaching financing volume of 100 billion yuan, serving 10,000 companies and providing 10,000 jobs by the end of the "Thirteenth Five-year Plan" period.
At the press release, Changzhou Hi-tech Group Co., Ltd. (CZND) signed contracts respectively with China Reform Fund, Gaolin Capital and TCL Group to establish "China Reform II (Changzhou) Fund", "Changzhou Gaolin New Energy Investment Fund (Limited Partnership)" and "TCL CZND Fund", in order to jointly guide the development of strategic industries and innovative industries in the region. The total amount of industry-led funds signed on the same day exceeded 10 billion yuan, and all the contracted funds will be launched in Jiangnan New Financial Innovation Park to be invested in strategic emerging industries such as intelligent manufacturing, new generation of information technology, medical and health, energy conservation and environmental protection, new energy and new materials, etc.
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