PR93672

WUXI, China, Dec. 14, 2021 /Xinhua=KYODO JBN/--

On December 9, at the Financial Empowerment Conference and Shangxian Lake

Financial Summit held in Wuxi, Jiangsu Province, representatives from the

country's best financial institutions, especially some private equity

institutions, participated in witnessing the unveiling of the Wuxi Fund PARK

both offline and online. It is born for "financial empowerment, the combination

of industry and finance", and it is the innovation base of the combination of

industry and finance in the Yangtze River Delta, according to the Shangxian

Lake Financial Summit.

Wuxi Fund PARK is in the wetland park in the core area of Taihu New City, Wuxi,

with a green rate of 52%, beautiful environment and excellent ecology. The

first phase consists of 31 modern high-looking wooden structure buildings,

including 27 headquarters office buildings with different forms, and 4

buildings with supporting functions such as industrial display, enterprise

services, project roadshow, catering, fitness, 24-hour picture and text

reading, etc.

In addition, relying on the developed advanced manufacturing base in the

Yangtze River Delta, the park has built an equity investment communication

platform, a docking platform for investment and financing projects, a research

platform for financial think tanks, and a platform for cultivating financial

talents. It will effectively promote the deep integration of all kinds of

capital, emerging industries, and high-end talents, and make it more physically

and mentally capable of both internal and external repair. It is making every

effort to build 16 advanced manufacturing industrial clusters, of which 9

industrial clusters have a main income of more than 100 billion yuan.

Finance is the lifeblood of modern economy. Advanced manufacturing industry

cannot do without financial empowerment, capital support, and equity investment

with the characteristics of risk-sharing and benefit-sharing characteristics is

undoubtedly one of the most attractive financial means. To this end, Wuxi has

specially formulated 15 articles on "Equity Investment Development" and given

many attractive preferential policies. Today, the opening of the Wuxi Fund PARK

undoubtedly fills in a handful of firewood for many equity funds to gather in

Wuxi.

At present, Wuxi Fund PARK has attracted a number of financial institutions,

including PE/VC head institutions, four major accounting and law firms, central

and local well-known enterprises, sub-sector head investment funds, investment

cutting-edge institutions, etc.

Source: Shangxian Lake Financial Summit