On January 8, Govtor Capital Changzhou Yida Start-up Investment Fund was launched with a fund size of 300 million yuan in the first step. Mayor Chenjinhu and Govtor’s President Dong Liang cut the ribbon together at the inauguration ceremony.

Before the ceremony, Chen Jinhu met with Dong Liang and his delegation. Chen said that 2021 marks the first year of the 14th Five-Year Plan (2021-2025) for national economic and social development, during which Changzhou will continuously improve and innovate market mechanism in the allocation of resources. He hopes that Govtor Capital Changzhou Yida Start-up Investment Fund will fully consider Changzhou’s industrial features and unique resources, and establish a model for boosting industrial development through financial services, which will greatly support Changzhou’s high-quality development during the 14th Five-Year Plan period.

Dong Liang said that Jiangsu Govtor Capital Group will have a dedicated team to find the city’s companies which are playing leading roles in technology innovation, in order to provide financial support for these enterprises, especially small and medium-sized businesses. In addition, Govtor will help Changzhou attract a number of high-quality enterprises in emerging industries to support the city’s industrial transformation and upgrading.

At the ceremony, Yida Capital signed a strategic investment framework agreement with Jiaxuan Intelligence, Ranto Metalwork, Weichuan Intelligence, Changzhou Hanwei and other companies.

Vice Mayor Yang Fen attended the event.

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