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With a total scale of 10 billion yuan, Optics Valley CICC Fund and Wuhan New Town Science and Technology Innovation Fund have started accepting applications

2024-07-24

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On July 24, Wuhan East Lake Hi-tech Zone held a press conference to release the application guidelines for Optics Valley CICC Fund and Wuhan New Town Science and Technology Innovation Fund, and the fund application acceptance work started that day.

The Optics Valley CICC Fund is managed by CICC Capital and jointly initiated by multiple market players with a total scale of 10 billion yuan. It is a large-scale comprehensive fund jointly supported by the governments of Hubei Province, Wuhan City and East Lake High-tech Zone, established around the industrial development of Wuhan New City. It is also the first market-oriented mother fund to realize cooperation between provincial, regional and municipal funds and social capital at the mother fund level.

"In 2024, Optics Valley CICC Fund will build a multi-level fund group of key field funds + special field funds + strategic cooperation funds in accordance with the 2+5+N model." Huang Ailan, deputy director of the Financial Bureau of Wuhan East Lake High-tech Zone, said in an interview with the Securities Times reporter that the two key fields are the optoelectronic information and digital economy industry and the life and health industry; the five special fields include green low-carbon and new energy industries, intelligent networked vehicles, high-end equipment and intelligent manufacturing, modern services, new consumption and future industries; N is the establishment of a strategic cooperation fund between industry leaders and large financial institutions. (Securities Times)