In order to provide new impetus to the industry restructuring and upgrading of Guangdong Province to provide strong support
The newly established industrial development fund of Guangdong Province is positioned as a policy-based venture capital fund to promote the provincial government's key support for industrial development.This is our province to implement the spirit of the 19th National Congress of the CPC, deepen the reform and innovation of industrial investment and financing system, and promote A major work plan made by the provincial industrial restructuring and upgrading, optimizing the economic structure and cultivating new economic growth points will provide new impetus and strong support for the industrial restructuring and upgrading in our province.
At the ceremony for the establishment of the fund, Tu Gaokun, director of the Provincial Commission of Economic Commission for Information and Communication, said that the purpose of establishing the fund is to guide and bring more social capital to a firm grasp of the development of the service industry by focusing on the policy objectives of accelerating the industrial transformation and upgrading, promoting the optimization of the industrial structure and rejuvenating the real economy , Centering on the layout of establishing a modern economic system in Guangdong, make efforts to gather more advantageous leading industries on the basis of the existing industries and boost the restructuring of Guangdong's economy and the industrial restructuring and upgrading.
Provincial Industrial Development Fund system integrates the past a number of funds formed from the formation of the former Guangdong Pearl River West Bank Advanced Equipment Manufacturing Industry Development Fund, Guangdong 21st Century Maritime Silk Road Fund, Guangdong Province, small and medium micro enterprise development fund and integrated circuit industry development fund Four policy funds.
At present, the financial institutions such as Industrial and Commercial Bank of China, Ping An Bank, China Construction Bank and Bank of China have already implemented the capital contribution amount of more than 50 billion yuan, of which 10 billion yuan is financed by the government, attracting financial capital, industrial capital and local capital. Home industry capital, insurance funds management agencies and investment agencies are interested in funding.
The fund will focus on areas such as 4K television, 5G communications and smart manufacturing that are in line with the direction of industrial restructuring and upgrading in our province, the state investment and related capacity cooperation along the Belt and Road, reform and development of state-owned enterprises, military and civilian integration and foreign investment. New kinetic energy, accelerate the building of a strong province, and build a new advantage for the development of Guangdong.
Press 'first back to the original after the' principle will highlight the 'financial none other'
Provincial Industrial Development Fund by the Guangdong Finance Holdings under the Guangdong Yue Fund Management Co., Ltd. as a fund manager, in accordance with the principle of market-oriented, rule of law responsible for fund operations.
In terms of investment management, the Fund will establish a project library and make investment decisions in a lawful and compliant manner in accordance with the market-oriented approach. In terms of revenue distribution, the fund will adhere to the principle of 'same rights of same-for-shares', sharing of interests among fund contributors, sharing of risks, Contributions and social contribution shares the same rights, the Fund for the project to bear the limited amount of investment responsibility.
Provincial Industrial Development Fund will also highlight the 'financial none other.' In accordance with the principle of 'first return after the dividend', when the fund investment to withdraw and recover the principal, the return of funds attributable to the financial contribution part of not less than 50% for profit sharing.
TCL Group's investment in Huaxing photoelectric project is one of the first batch of contracted projects through the project, TCL Group plans to build the world's largest semiconductor display industrial park. Provincial Industrial Development Fund to participate in the project cooperation, will effectively promote the display industry in Guangdong whole industry chain Supporting construction, to promote the development and growth of the province's display industry.
In addition, the Provincial Industrial Development Fund also reserves a number of key projects such as the Big Wheel Smart Robot and Yangjiang Wind Farm, and will join hands with investment institutions such as Shenzhen Innovation Investment Co., Ltd. in the industrial mergers and acquisitions around the advanced manufacturing industries.
The relevant person in charge of Guangdong Finance Holding said that it will strictly follow the principle of 'one batch of reserves, one batch of negotiations, one batch of negotiations and one batch of projects' to push forward the project investment in batches in batches, accelerate the investment plan agreed with the project partners and strive to complete the fund as soon as possible The first project investment floor.