Recently, Chinese Venture, the first magazine in China that focuses on stock and equity investment, has released the 2021 List of Top 50 Government Funds. The investment fund set up by the Changzhou government is one of them.

Established by the municipal Bureau of Finance, the Changzhou Government Investment Fund (hereinafter referred to as the Fund) will provide capital for ten major industry clusters, and eight high-growth industrial sectors. It will also fund projects in the field of rural vitalization and cultural tourism. The purpose of the Fund is to support talent cultivation, sci-tech innovation and industrial upgrade.

Currently, Changzhou has formed a system in government investment, with various models ranging from FOF, equity direct investment, equity pledged lending and investment-loan linkage.

In recent years, the Municipal Finance Bureau has developed new ways of funding support and set up four municipal FOFs including the Government Investment Fund. By the end of March this year, the financial capital from the government had leveraged a total of 24 billion yuan of social capital investment. The government funds have invested in 300 projects, 190 of which are local or imported projects. A total of 9 local projects have been cultivated to get publicly listed or be merged by listed companies.  

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