The initial scale is 10 billion yuan! Chengtong technology venture capital fund is established, focusing on three core areas.

On May 30th, it was learned from China Chengtong that recently, the Chengtong Technology Innovation Investment Fund partnership enterprise, guided by the State-owned Assets Supervision and Administration Commission of the State Council and led by China Chengtong, completed its business registration in Beijing. The initial scale of the fund is 10 billion yuan, and it will focus on investing in "hard technology" in key areas such as new materials, advanced manufacturing, and new generation information technology. Chengtong Technology Innovation Investment Fund is one of the first central enterprise venture capital funds with a total planned scale of 30 billion yuan. It aims to demonstrate the leading role of "early investment, small investment, long-term investment, and hard technology investment," fully utilize the amplification of investment functions of parent-child funds, and strive to build a strategic emerging industry "incubator" and a "booster" for the transformation of scientific and technological achievements.