It's Happening....
Insurance Equity Investment Fund settles down in Ningbo
- Details
- Category: Ningbo District
- Published: Tuesday, 01 December 2015 09:28
The agreement signing ceremony for the SBCVC Growth Fund to settle down in Ningbo International Marine Ecological Technology City was held in Beilun District on November 27. With a total volume of two billion yuan, the fund is managed by the SBCVC, with Xinhua Life Insurance, the Pacific Life Insurance, Avic Trust and the Development and Investment Corporation of the Ningbo International Marine Ecological Technology City as limited partners, and it will be invested mainly in the growing high-tech services sectors of the national strategic emerging industries. It is reported that the fund is the first government-guided industrial fund as well as the first signed insurance equity investment fund to settle down in the technology city.
According to a person in charge form the technology city, the settlement of the fund will attract more prominent enterprises to develop high-end industrial clusters in the Meishan area.
As is reported, the SBCVC, established in 2000, is a leading venture investment and private equity fund managing corporation. With the aim of investing in the high-growth and high-tech enterprises in China, it has made successful investment in such quality enterprises as the Alibaba, Taobao, Focus Media, GDS, Shenwu Environment and Energy Technology, PLS, Dian Diagnostics, and EDAN.
