China Ordnance Industry Group and others have established a new science and technology innovation and venture capital fund in Beijing.

According to the Qichacha APP, Beijing Zhongbing Technology Innovation and Entrepreneurship Investment Fund Limited Partnership was recently established with a capital contribution of 200 million yuan. Its business scope includes private equity fund management and venture capital fund management services. According to Qichacha's equity penetration display, the company is jointly funded by China Ordnance Equipment Group Co., Ltd.'s wholly-owned subsidiary, Zhongbing Investment Management Co., Ltd., and Jiangsu Shuguang Optoelectronics Co., Ltd., among others.