Two sub-funds are successfully connected with the provincial guiding funds. The two funds are invested by Yichang State-owned Investment Group and Hubei Xingfa Group respectively. The total funds are expected to reach 170 million Yuan.

Yichang State-owned Investment Group funds reach 600 million Yuan. And all money will be mainly invested in small and middle size of enterprises owning creative technology and management with strong competitive power since these companies correspond with the Yichang’s development. Their focuses are on the projects related to new material, biological engineering and equip manufacturing. The funds are managed by Hubei Gaoyi Investment Managing company that established by Wuhan Investment Group and Yichang State-owned Investment Group.

Hubei Xinfa Group funds reach 250 million Yuan. And all money will mainly be invested in enterprises at early stages with great market potential in the field of new material industry because these companies. Yichang Yuehe Investment Management Company manages the funds, cooperating with Wuhan Investment Group.

Currently the two funds are in the process of business registration, and have already begun investigating some related projects.  (Correspondent: Guo Tuxuan; reporter: Zhang Liang)