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Weihai First QFLP Fund Project Receives Foreign Investment

Source： 12-29-2022 11:09:00

Recently, Weihai first Qualified Foreign Limited Partnership (QFLP) fund, Weihai Kunxiang QFLP Venture Fund, has actually received a foreign investment of 28 million US dollars, demonstrating again Weihai's high-level opening up to the outside world.

Weihai Kunxiang Venture Capital Partnership (Limited Partnership) was registered in November 2022 with a capital of 200 million yuan and is the first foreign-invested QFLP fund settling in Weihai. Under a limited partnership system, the fund is mainly financed by overseas partners and managed by domestic fund managers. It invests in five major areas — the new generation of information technology and high-end equipment manufacturing industry, the pharmaceutical and medical industry, the marine industry, the environmental protection and new energy industry, and the new materials industry — and gives priority to Weihai-based projects.

The foreign capital received this time will play an important demonstration and driving role. It will boost the optimized development of Weihai's financial ecology, support enterprises in expanding their financing scope, open new channels for overseas funds to invest in domestic real industrial projects, and facilitate innovations in usage modes of foreign capital and investment attraction for funds.