On Thursday, the 2019 Western China Capital Innovation Summit, guided by 
Chengdu Municipal Financial Regulatory Bureau and hosted by Chengdu Media Group 
and organized by National Business Daily, was held at Tianfu International Fund 
Town in southwest China's Chengdu.

Photo - https://photos.prnasia.com/prnh/20191216/2669149-1 
(Photo caption: 2019 WESTERN CHINA CAPITAL INNOVATION SUMMIT)

Noticeably, a signing ceremony of management organizations for the sub-funds of 
the city's "5+5+1" industry fund was unveiled at the summit. The "5+5+1" fund 
is set up to guide and boost development of advanced manufacturing, modern 
services, and new economy industries.

A subsidiary engaging in industrial fund management under Chengdu Jiaozi 
Financial Holding Group Co Ltd entered into agreements, respectively, with 11 
fund management institutions including Shanghai SIIC Fund Management Co Ltd, 
Shanghai Stone Capital Co Ltd, a subsidiary for talent investment fund 
management under Shenzhen HTI Group Co Ltd, Shenzhen GTJA Investment Group Co 
Ltd, Founder H Fund Co Ltd as well as Chengdu Innovation Venture Capital Co 
Ltd. 

According to the agreements, 11 sub-funds for developing industries within the 
"5+5+1" frame will be established, with the goal to raise about 8 billion yuan 
(1.1 billion U.S. dollars).

Source: NATIONAL BUSINESS DAILY

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   Caption: 2019 WESTERN CHINA CAPITAL INNOVATION SUMMIT