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New industrial fund set to promote innovation in Jinshan

    New industrial fund set to promote innovation in Jinshan


    Jinshan Development Park and Huasheng Funds signed a strategic agreement on Friday to set up a 1-billion-yuan (US$153 million) industrial fund, in an effort to boost regional innovative development.

    The fund will be managed by Huasheng, who plans to attract a dozen projects with a total investment of 10 billion yuan.

    The projects include cooperation with Dawning Information Industry Co Ltd (Sugon), OptimumNano, National Administration of Surveying, Mapping and Geoinformation and Fudan Software Park. 

    Huasheng will also introduce IT, life health and cultural innovation projects to the park based on its platform and corporate resources.

    The collaboration between Jinshan and Huasheng will also extend to the development of Jinshuihu industrial community covering commercial housing, international schooling, occupational education, medical care, sports and culture sectors.