Fund industry
In recent years, the Hefei National High-tech Industry Development Zone has taken "building fund clusters" as an important strategic plan to improve its regional competitiveness. It has released policies, built carriers and an appropriate environment, forming extremely attractive superior mechanisms and brand effects in the fund industry.
By the end of November, 2017, the Hefei National High-tech Industry Development Zone had aggregated more than 150 private equity funds, with capital of over 160 billion yuan ($ 23.35 billion). Well-known investment institutions such as Anhui Provincial Emerging Industry Investment Co Ltd, Hefei Innovation Sic-tech Venture Capital Co Ltd and DFJ DragonFund China have settled in the zone, initially forming a fund system covering the whole life cycle of the enterprises. The Hefei National High-tech Industry Development Zone has developed the largest scale, the most mature conditions, the highest concentration and the most active investment events in Anhui province.
In 2017, the newly set fund raised capital of more than 10 billion yuan, including 840 million yuan newly added by the Wanjiang industrial fund II, the 448 million yuan of newly registered capital of Hefei Innovation Sic-tech Venture Capital Co Ltd, and the 50 million yuan in angel funds of the Hefei National High-tech Industry Development Zone. State-owned capital occupies a mainstream position, and the funds are diversified. Most of the investments focus on strategic emerging industries such as electronic information, integrated circuits, health, new material, new energy, high-end equipment manufacturing and artificial intelligence.