Nanming district unveils two 10b yuan industry support funds

Nanming district in Guiyang, capital of southwestern Guizhou province, released two 10-billion-yuan ($1.42 billion) funds at the Fusion of Dual Valley Seminar on Jiaxiu Pavilion -- Seminar on Integration and Development of Domestic Semiconductor and Big Data Industry – which was held in the district on Oct 29, officials said.

Officials said that with the aim of promoting the development of the health and specialty foods industry and electronic information industry, Nanming Industrial Investment Co Ltd will carry out capital investments and capital operations in the two sectors.

Focusing on industrial development, technological innovation, urban construction and people's livelihoods in the district, the company will carry out capital operations and asset management mainly with financial capital, officials said.

It will focus on industrial investment and specialized operations and improve the efficiency of investment decision-making.