The opening ceremony of the 2024 Fund Annual Forum and the 5th Lujiang Venture Capital Forum. [Photo/WeChat account of Xiamen FTZ]
The 2024 Fund Annual Forum and the 5th Lujiang Venture Capital Forum were recently held in Xiamen. This year's forum focused on industrial investment and gathering renowned investors, entrepreneurs, and experts from across the country to discuss the era of industrial investment in China.
At the opening ceremony, funds worth nearly 10 billion yuan ($1.38 billion) were signed into effect.
Among them was the Want Want-CICC Industrial Win-Win Fund, a joint fund established by Xiamen Free Trade Zone, Jinyuan Group, Tong'an district, Want Want Group, and CICC Capital.
This 1.2-billion-yuan fund will act as a sub-fund of the Xiamen FTZ's industrial guidance fund, primarily investing in the food and beverage sector.
On June 27, the parallel forum on new quality productive forces investment was held. Guided by the Xiamen FTZ administrative committee, the forum delved into how different industries can accelerate the development of new quality productive forces through investment, thereby promoting industrial development and transformation.
During the roundtable forum, institutions such as Join Capital and China Capital Management discussed topics like "opportunities and challenges of new quality productive forces", presenting new perspectives and ideas on how to cultivate and develop new quality productive forces.
The fund signing ceremony. [Photo/WeChat account of Xiamen FTZ]