Hangzhou Iron & Steel establishes transformation and upgrading industry fund
2018-08-16 15:16:24 [Print]
On 13 August, Hangzhou Iron & Steel Group Co., Ltd. (hereinafter referred to as Hangzhou Iron & Steel) established a transformation and upgrading industry fund of RMB10 billion to invest in and raise fund for energy conservation and environmental protection, iron & steel manufacturing, trading of metals, digital economy, knowledge and technology intensive business and other sectors of Hangzhou Iron & Steel.
According to Mr. Zhang Jiancheng, Deputy General Manager of Hangzhou Iron & Steel, the FOF Zhejiang Hangzhou Iron & Steel transformation and upgrading industry fund is RMB10 billion in total scale and the first round is RMB6 billion. Two baby funds were established at the same time, including Zhejiang Hangzhou Iron & Steel environmental protection industry investment fund and Zhejiang Hangzhou Iron & Steel digital economy industry fund.
The total scale of Zhejiang Hangzhou Iron & Steel environmental protection industry investment fund is RMB10 billion and the first round is RMB2 billion, co-established by Branch Institute of Hangzhou, Yangtze Delta Region Research Institute of Tsinghua University, Zhejiang and Industrial Bank. The fund will mainly invest in environmental technology and equipment, water pollution control, air pollution control, solid waste control, environmental governance projects, resources recycling, soil ecological restoration, biomass comprehensive utilization, sponge city construction and relevant fields in order to strengthen and expand environmental protection business of Hangzhou Iron & Steel.
The other is Zhejiang Hangzhou Iron & Steel digital economy industry fund. With a total scale of RMB10 billion, the fund will focus on cloud computing, big data, Internet of Things, artificial intelligence, blockchain and other emerging sectors to serve Hangzhou Iron & Steel Banshan digital economy industrial base (Hangzhou Iron & Steel iValley digital economy town). Currently, the program for setting up the fund is under discussion and negotiation with relevant bodies is underway.
According to Mr. Zhang Jiancheng, Deputy General Manager of Hangzhou Iron & Steel, the FOF Zhejiang Hangzhou Iron & Steel transformation and upgrading industry fund is RMB10 billion in total scale and the first round is RMB6 billion. Two baby funds were established at the same time, including Zhejiang Hangzhou Iron & Steel environmental protection industry investment fund and Zhejiang Hangzhou Iron & Steel digital economy industry fund.
The total scale of Zhejiang Hangzhou Iron & Steel environmental protection industry investment fund is RMB10 billion and the first round is RMB2 billion, co-established by Branch Institute of Hangzhou, Yangtze Delta Region Research Institute of Tsinghua University, Zhejiang and Industrial Bank. The fund will mainly invest in environmental technology and equipment, water pollution control, air pollution control, solid waste control, environmental governance projects, resources recycling, soil ecological restoration, biomass comprehensive utilization, sponge city construction and relevant fields in order to strengthen and expand environmental protection business of Hangzhou Iron & Steel.
The other is Zhejiang Hangzhou Iron & Steel digital economy industry fund. With a total scale of RMB10 billion, the fund will focus on cloud computing, big data, Internet of Things, artificial intelligence, blockchain and other emerging sectors to serve Hangzhou Iron & Steel Banshan digital economy industrial base (Hangzhou Iron & Steel iValley digital economy town). Currently, the program for setting up the fund is under discussion and negotiation with relevant bodies is underway.
