selectshandong@shandong.cn
中 日 한 EN DE FR
SELECTSHANDONG

Shandong's Fund for the Replacement of Old Growth Drivers with New Ones: Investment in 1,600 Enterprise Projects and Investment Scale of Over 200 Billion Yuan

Source：Haibao News 11-27-2024 09:00:00

According to the data, by the end of 2023, China had set up more than 2,000 government-guided funds, with a subscribed scale of over 7 trillion yuan. From 2016 to 2024, Shandong's Fund for the Replacement of Old Growth Drivers with New Ones has ranked second for nine consecutive years on the list of China's government-guided funds evaluated by Zero2IPO Ventures, an authoritative equity investment research institution in China.

Since the beginning of this year, key funds such as the 10-billion-yuan Equity Investment Fund for the Green New Energy Industry in Shandong Province, the 1-billion-yuan Blue Granary Fund, and Shandong's first financial AIC equity investment fund have been successively established. A continuous investment system covering the entire life cycle of enterprises has been developed, guiding various high-quality production factors to flow smoothly and be allocated efficiently toward developing new quality productive forces.

Up to now, Shandong's Fund for the Replacement of Old Growth Drivers with New Ones has invested in 1,600 enterprise projects with an investment scale of over 200 billion yuan. It has invested in 14 unicorn enterprises, nearly 200 gazelle enterprises, and nearly 300 specialized, sophisticated, distinctive, and innovative enterprises within the province, facilitating the listing of over 100 fund-invested enterprises and contributing significantly to the acceleration of modern industrial system development in Shandong.