Investment fund to support development in key sectors in Guian

An aerial view of the Guiyang Big Data Sci-Tech City. [Photo/ddcpc website]

The Guizhou-Guiyang Big Data Sci-Tech City Industrial Development Investment Fund, jointly funded and established by Guizhou province and the city of Guiyang, capital of the province, was registered and established in Guian New Area on Dec 15.

The investment fund includes 15 billion yuan ($2.10 billion), with 10 billion yuan provided by Guizhou and 5 billion yuan provided by Guiyang, which will be dispersed over a period of 3 years.

The investment fund will employ a combination of "strategic direct investment + equity investment in subsidiary funds" to make external investments, focusing on supporting major industrial sectors in Guian, such as big data, artificial intelligence, new energy batteries and materials, high-end equipment manufacturing, electronic information manufacturing, and strategic emerging industries.

Guian will make full use of the fund to create a virtuous cycle of industrial development and empower industrial transformation and upgrading, which is expected to lead to significant changes in the area within three years.