Hubei Social Security Science and Technology Innovation Fund officially signed a contract, with an initial scale of 20 billion yuan.

On the afternoon of the 25th, the Hubei Social Security Innovation Fund officially signed in Wuhan. The Hubei Social Security Innovation Fund, jointly established by the National Social Security Fund Council, Hubei Province, Wuhan City, and China Construction Bank, has an initial scale of 20 billion yuan. The fund is positioned as a market-oriented fund to implement national strategies. It is the first social security innovation fund in the central and western regions of China, focusing on industries such as optoelectronic information, automobile manufacturing, life and health, and high-end equipment, as well as serving traditional industries' transformation and upgrading, nurturing emerging industries, and laying out future industries. It aims to create long-term capital and patient capital that balance policy objectives and investment returns, contribute to the construction of a nationally influential technology innovation hub in Hubei, and accelerate the establishment of an important strategic fulcrum for the rise of central regions in China.