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Recently, the Nanjing Lishui Industrial Development Fund, with a scale of 3 billion yuan, successfully completed its registration and filing with the China Securities Investment Fund Association, marking the official establishment and substantial operation of the Lishui District state-owned enterprise investment fund. It is reported that the fund was jointly initiated by Lishui District state-owned enterprises and Nanjing Zijin Venture Capital Fund Management Co., Ltd. As an important capital force for promoting industrial upgrading in Lishui District, the fund focuses on the district’s leading industries, namely the ‘Two New and Two Smart’ sectors (new energy, intelligent manufacturing equipment, new medicine and life health, smart agriculture), aiming to enable key links in industrial development through capital support.In terms of operational model, the fund will adopt a dual-driven strategy of ‘market-oriented cooperation and precise investment’: on one hand, it will cooperate deeply with high-quality market-oriented investment institutions and expand capital coverage and industrial influence through the establishment of sub-funds; on the other hand, for key regional industrial projects, it will directly invest or establish special sub-funds to achieve ‘investment-driven attraction’ by gathering high-quality resources and ‘investment-driven cultivation’ to foster the industrial ecosystem, thereby leveraging a ‘multiplier’ effect to help key industrial projects take root in Lishui and accelerate the coordinated development of the industry chain upstream and downstream.The establishment of the Lishui Industrial Development Fund is an important measure for Lishui District to promote the strategy of ‘building the district through manufacturing and strengthening the district through industry.’ A relevant person in charge of Lishui High-tech Industrial Investment Co., Ltd. stated that Lishui had previously set up two government-guided funds: the Industrial Guidance Fund and the Sci-tech Innovation Guidance Fund. The former mainly invests in growth-stage projects in sectors such as airport-related industries, artificial intelligence, and modern agriculture, while the latter focuses on enabling angel-stage projects in fields such as new energy and health. To date, the seven sub-funds under these two guidance funds have invested in 90 projects, with key support given to local benchmark enterprises in fields like new energy vehicles and new materials.After the establishment of the new fund, the total amount of the Lishui District industrial fund matrix will increase to 18 billion yuan. A relevant person in Lishui District stated that the district has initially built a fund matrix covering three levels: basic layer, cooperative layer, and newly added layer, forming an ecosystem layout of ‘investment-driven attraction’ and ‘investment-driven cultivation,’ which means that enterprises receive fund support at every stage from angel to mature stage.
