On April 9, at the inaugural China-Arab Investment Summit, the Global Fund of Funds Association announced its 2024 list of the world’s leading investment institutions. Fujian Financial Investment Fund was recognized as one of the “Top 30 Most GP-Favored Funds of Funds Globally”, making it the only investment institution from Fujian Province to be included on this prestigious global industry list.

As a wholly-owned subsidiary of Fujian Financial Investment, Fujian Financial Investment Fund promotes the deep integration of technological and industrial innovation through a dual approach of “government investment fund + market strategy fund”. Currently, it manages 6 funds with a total management scale exceeding RMB 16 billion and participates in 22 investment and equity funds with a combined scale of over RMB 60 billion.

Initiated by Fujian Financial Investment, the Fujian Provincial Fund of Funds for Enterprises Using Specialized and Sophisticated Technologies to Produce Novel and Unique Products, is currently conducting an open selection process to identify the first group of sub-fund management institutions. Numerous leading institutions from across the country have applied to participate in the establishment of these sub-funds.

Fujian is one of the most dynamic provinces for small and medium-sized enterprises (SMEs), hosting a large number of SMEs that use specialized and sophisticated technologies to produce novel and unique products. Many early- and mid-stage enterprises face challenges in accessing comprehensive financial services due to their limited operational scale, poor financial compliance, and the team's inability to spare sufficient attention to financing. As a result, these enterprises often receive limited attention from investors during the initial stages of development. In recent years, to address the pressing need for enterprises to secure financing and connect with capital markets for innovative growth, the province has been steadily expanding patient capital. Comprehensive, full-cycle financial services are now being provided to hard-tech entrepreneurs and startups.

As a wholly-owned subsidiary of Industrial Securities, China Industrial Security Capital Management Co. Ltd. leverages its strengths as a "securities-affiliated" institution to initiate and manage the Fujian Provincial Equity Investment Fund for Enterprises Using Specialized and Sophisticated Technologies to Produce Novel and Unique Products. It brings together the resources of provincial and local state-owned capital, securities firms, and private capital to efficiently support high-quality SMEs that use specialized and sophisticated technologies to produce novel and unique products. To date, 5 funds have been established in Ningde, Longyan, Fuqing, Quanzhou, and Putian, with a combined scale of RMB 660 million. These funds have invested in 9 enterprises within the province that use specialized and sophisticated technologies to produce novel and unique products, all of which are early-stage projects. Following these investments, China Industrial Security Capital Management Co. Ltd. collaborates with various financial institutions, industry partners across the supply chain, and other ecosystem stakeholders. Through capital investment, financing facilitation, industrial resource integration, enterprise development guidance, and research support, it continuously provides targeted post-investment support to foster the growth of SMEs that use specialized and sophisticated technologies to produce novel and unique products. On the 10, China Industrial Security Capital Management Co. Ltd. officially signed an agreement with Jimei Investment Group to serve as the manager of the second phase of the Jimei District Industrial Promotion Fund, which has a scale of RMB 100 million, further strengthening support for more high-quality enterprises.

Fujian will strengthen cooperation with high-quality industrial capital, supporting provincial government-guided funds to partner with leading manufacturing and chain enterprises in establishing similar funds. By the end of 2028, the province aims to attract at least 10 new funds, with a focus on supporting SMEs that use specialized and sophisticated technologies to produce novel and unique products across the industrial chain. These efforts are expected to enhance the resilience and security of the supply chain.

Translated by Fujian Investment Promotion Center