The Suzhou Capital Group Co's Industrial Innovation Investment and Financing Matchmaking Conference and the Suzhou CoStone Green Advanced Equipment Industry Fund launch ceremony were held in Zhangjiagang, a county-level city of Suzhou, on Jan 7.
An aerial view of Zhangjiagang. [Photo/WeChat account: zhangjiagangfabu365]
The newly announced Suzhou CoStone Green High-End Equipment Industry Fund, with a total scale of 1.5 billion yuan ($204.6 million), aims to strengthen and enhance the high-end equipment manufacturing industry chain in Zhangjiagang. The fund is expected to drive innovation and sustainable growth within the sector. Several projects and additional funds were also signed during the event, further solidifying the region's position as a hub for industrial innovation.
In recent years, Zhangjiagang has deepened its collaboration with Suzhou Capital Group Co, participating in multiple funds managed by the group to bolster industrial development in Suzhou. One notable initiative is the establishment of the Zhangjiagang Industrial Innovation Cluster Development Fund of Funds, focusing on emerging industries.
Suzhou Capital Group Co has introduced over 60 high-quality enterprises to Zhangjiagang, successfully establishing five projects with a combined investment of more than 500 million yuan. The company has also invested in several local enterprises in Zhangjiagang, providing professional financial solutions to drive their growth. Furthermore, two Qualified Foreign Limited Partner (QFLP) funds with a registered capital of $24.2 million have been introduced, with $15 million already in place.