On January 18th, China News Corporation, together with some central enterprises and local state-owned assets, jointly held a signing ceremony for the cooperation of China News Venture Capital Fund in Beijing. The investment cooperation units of Guoxin Venture Capital Fund include China Minmetals, China Steel Research Institute, China National Building Materials, China Youyan, China Electrical Equipment, Hangzhou Capital, Xingxiang Group, etc. The initial scale is 10 billion yuan, with a duration of 15 years. At the same time, a batch of sub funds such as Hangzhou, Hunan, and Xi’an will be launched. Through the amplification of parent and subsidiary funds, the fund will focus on “national needs, innovation needs, and fund capabilities”, adhere to early investment, small investment, long-term investment, and hard technology investment, and contribute to the construction of a strong scientific and technological country and the cultivation of new quality productivity.
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