The third Nantong Investment Conference takes place in Nantong on Oct 24. [Photo/Nantong Daily]

The third Nantong Investment Conference was held in Nantong, Jiangsu province, on Oct 24, with the Nantong industrial chain development fund and Nantong next-generation information technology industry special fund being launched.

In recent years, Nantong has strengthened investment fund guidance, with municipal industrial investment mother funds and innovative development funds complementing each other. Up to now, various types of capital have formed a fund matrix in the city with a total scale of 120 billion yuan ($16.84 billion).

Nantong next-generation information technology industry special fund is launched at the conference. [Photo/Nantong Daily]

The Nantong industrial chain development fund is a fruitful collaboration between the central and local governments. The fund's total scale reaches 5 billion yuan and is set to support the city's six key industrial clusters, such as high-end equipment and new materials, and strategic emerging industries like biomedicine and third-generation semiconductors. It is poised to strategically position itself for future industries like aerospace and marine, leading the city's industrial system towards higher standards and better quality.

The Nantong next-generation information technology industry special fund has a total scale of 4 billion yuan. This fund will focus on investment in next-generation information technology, including integrated circuits, electronic components and materials, communication cables, batteries, software, and new information technology services.

During this investment conference, Nantong signed fund cooperation agreements with eight representative investment institutions from Beijing, Shanghai, Shenzhen, and other areas.