CITIC Securities helps the Jing-Jin-Ji Fund complete registration and implement its first batch of investment projects, supporting high-level scientific and technological self-reliance and self-sufficiency.

Shanghai Securities News China Securities Network News (Reporter Yan Liu Meng) Recently, the Beijing-Tianjin-Hebei Venture Capital Guidance Fund Partnership (Limited Partnership) (hereinafter referred to as the “Beijing-Tianjin-Hebei Fund”) was established in Beijing. The Beijing-Tianjin-Hebei Fund is managed by China International Capital Corporation’s wholly-owned subsidiary, China International Capital Capital Operation Co., Ltd. It is jointly funded by the National Venture Capital Guidance Fund, China Investment Corporation, eight system enterprises, relevant entities of the Bank of China, and regional stakeholders in Beijing-Tianjin-Hebei, with a scale of 50 billion yuan. The first batch of capital has been fully paid in, and the fund was recently registered with the Asset Management Association of China as a private equity fund.

It is reported that the Beijing-Tianjin-Hebei Fund adheres to the principles of “early investment, small investment, long-term investment, and hard technology,” adopting a “sub-fund + direct investment” approach to invest in seed and early-stage companies. The fund aims to leverage policy effectiveness, support original and disruptive technological innovation, tackle key core technologies, and cultivate strategic emerging industries and future industries. To date, the Beijing-Tianjin-Hebei Fund has signed agreements to invest in four sub-funds and one direct investment project, with the first investment completed.

According to sources, the Beijing-Tianjin-Hebei Fund will deeply implement the innovation-driven development strategy, organically integrate with the Beijing-Tianjin-Hebei coordinated development strategy, and build a highland for Beijing (Tianjin-Hebei) international science and technology innovation center. It will promote efficient allocation of innovation resources and regional economic coordinated development.

In the future, the Beijing-Tianjin-Hebei Fund will fully leverage the resource advantages of different financial institutions to provide comprehensive financial services throughout the entire chain and lifecycle for innovative and entrepreneurial enterprises. Under the premise of complying with laws, regulations, and compliance requirements, the fund will utilize China International Capital Corporation’s professional synergy of “investment banking + investment + research” to fully play the important role of venture capital in supporting technological innovation, promote the transformation of major scientific and technological achievements into productive forces, and become an important force empowering high-level technological self-reliance and self-improvement, and supporting the development of new productive forces.

(Source: Shanghai Securities News · China Securities Network)