Huangpu joins forces with groups to launch investment fund

The Guangzhou Development District Investment Group and China Reform Holdings Corporation signed a deal on Aug 24, heralding the establishment of a 100-billion-yuan ($15 billion) investment fund in Huangpu district.

The fund is set to prioritize investments in smart manufacturing and next-generation information technologies, seeking to bolster high-quality development in the Guangdong-Hong Kong-Macao Greater Bay Area.

Huangpu - characterized by its strategic "Three Cities, One Island" industrial layout – has proved to be a magnet for substantial investments. This new collaboration is expected to further draw in high-quality projects, accelerating the evolution of the strategic emerging industrial ecosystem.

The Guangzhou Development District Investment Group, a major investment platform in Huangpu, has already invested in 22 provincial-level specialized and innovative enterprises.

On the other side of the partnership, China Reform Holdings Corporation manages assets approaching 860 billion yuan, with the China State-owned capital venture investment fund as its cornerstone.

The synergies between a State-owned enterprise and a local business entity are predicted to inject new momentum into the technological innovations and sustained growth of the Greater Bay Area.

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