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Hengyang and Hunan Caixin Financial Control Have Strategic Cooperation to Support Development of Real Economy
From:新华网 | Date Add in:2018-10-09 20:00:00 [A  A]
In the afternoon of September 29, Hengyang Municipal People’s Government and Hunan Caixin Financial Control Holding Group Limited signed a framework agreement of Hengyang Municipal Industrial Investment Fund Parent Fund Strategic Cooperation at the project of “inviting investment, attracting talents and attracting wisdom” held by Hengzhou Economic Development Forum 2018. With the goal of win-win cooperation and common development, the two sides jointly initiated the establishment of the Hengyang Municipal Industrial Investment Fund (Hengyang Municipal Fund) with a scale of 3 billion yuan. Hengyang Municipal Parent Fund strives to enlarge the total investment scale to nearly 10 billion yuan by combining the establishment of sub-funds and direct investment projects.

Hengyang Municipal Maternal Fund Management Corporation Caixin Financial Control Industry Fund Management Co., Ltd. (hereinafter referred to as “Finance and Credit Industry Fund”) and Enlightenment Scientific Servie and Tiantu Capital signed the Hengyang Industry Investment Fund Sub fund Sponsor Agreement and the Project Investment Framework Agreement respectively, and proposed to launch the establishment of 800-million-yuan “Qixin and Kang Health Industry Fund” and 1-billion-yuan “modern agriculture and consumer goods innovation industry fund”.

Hengyang City industrial funds are operated according to the principle of “government guidance, market operation, scientific decision-making, risk prevention” in fields of Made in China 2025 (new generation information technology industry, high-grade CNC machine tools, precision abrasives and robots, aerospace equipment, advanced rail transit equipment, energy-saving and new energy vehicles and spare parts, power equipment, agricultural machinery and equipment, new materials, biomedicine and high-performance medical equipment), non-ferrous metal processing and halogen chemicals (including fine chemicals), cultural tourism, modern agriculture, electronic information and cultural creativity, major investment invitation, major mergers and acquisitions, major scientific and technological achievements transformation, and major civil-military integration.

Hunan Caixin Financial Control has the advantage of Hunan Provincial Local Financial Holding Platform, such as licenses, information and resource integration. The establishment of the parent fund together with financial control will help to expand the influence of the city’s industrial funds and enhance the confidence of investment institutions. At the same time, the capital and policy advantages of the provincial emerging industries fund can promote these projects to land in Hengyang as a priority.

Hunan Caixin Financial Control is the only provincial-level local financial holding platform in Hunan Province, as a large state-owned backbone enterprise group. It owns more than 30 wholly-owned or holding child (grandchild) companies, including trust, securities, insurance, asset management, funds, stock exchanges, stock exchanges, gold exchange centers, pawn and other financial licenses, and shares in one bank and holds two listed companies. This time, Hengyang City and Hunan Caixin Financial Control work together to form a parent fund, which will greatly enhance the confidence of investors. At the same time, with the help of the advantages of Hunan Caixin Financial Control in finance and information resources, Hengyang will promote the sub-fund and project landing in Hengyang, and support the real economic development of Hengyang City.

Translated by Xie Caihong
Sponsored by Hengyang Municipal People's Government, Undertaken by Hengyang Normal University
Co-sponsored by Information Office of Hengyang Municipal People's Government Technical Support & Design:Hengyang Normal University
ICP NO:05002289