Fujian Province establishes the largest blind pool S fund in China.

Journalists learned from the Fujian Provincial Department of Finance that recently, the provincial-level science and technology innovation fund - Fujian Xinhui Science and Technology Innovation Relay Fund, established by Fujian Jintou in conjunction with China Life and Fuzhou Jinkong, has officially launched. The total size of the fund exceeds 4 billion yuan, making it the largest blind pool S fund in the country. It is understood that the fund leverages the guiding role of the provincial government investment fund to attract China Life to contribute about 70%, building a capital force of provincial and municipal linkage and insurance-ground coordination. It has become an insurance asset cooperation fund with leading landing efficiency. The fund will focus on the private equity secondary market, investing in fund second-hand shares and succession of restructured funds to support the strategic emerging industries of the "555X" industry cluster in our province, focusing on new generation information technology, biomedicine, and high-end manufacturing to help leading enterprises become stronger and better, and science and technology enterprises accelerate their growth.