China Hi-tech Industrial Investment Fund Approved in SIP
National Development and Reform Commission recently approved the founding of "China New and Hi-tech Industry Investment Fund" in SIP, the second industrial investment fund approved by the central authorities, with 5 billion RMB in the first phase for a term of 15 years.
The fund will be invested primarily in the hi-tech enterprises in the Yangtze delta region, especially in SIP, in accordance with the national industrial policies and requirements of SIP industrial structural reform. Priority will given to outsourced service projects in hi-tech manufacturing with innovative capabilities and those of independent IPR like biomedical and software projects.
Nov. 8, 2007