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With an initial scale of CNY 600 million, the fund is operated and managed by Fujian Investment and Development (Group) Co., Ltd., which starts business on April 30, 2009 and is a large-sized provincial state-owned group with total assets of more than CNY 20 billion and net assets of more than CNY 10 billion.
The fund will mainly make investment in Fujian-based SMEs that tally with the national industrial polices on the initial stage. It will give priority to high-tech companies, upgraded companies in major industries, joint-stock companies that plan to list, eligible venture capital companies, and promising companies.
Source: www.cnstock.com (June 03, 2009)
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