The city of Nantong in east China’s Jiangsu province has made every effort to promote the integration of industry and financing so as to inject stronger strength into creating an important growth engine for the province’s high-quality development, according to an investment summit held on Tuesday.
This summit attracted about 500 representatives from well-known domestic investment institutions and financial institutions, as well as representatives of Nantong’s listed enterprises, private enterprises, and fund invested enterprises.
Since the beginning of this year, Nantong has built a 50-billion- yuan three-dimensional fund cluster that connects upstream and downstream resources in industries such as semiconductors, new materials, biopharmaceuticals, and new energy.
At the summit, cooperation intentions were reached on 30 industrial innovation, technology innovation, and capital investment projects.
Nantong also established the Association of Listed Companies and signed the Nantong Financial Town Strategic Cooperation Framework Agreement.
The Nantong Municipal Investment Partners Alliance was inaugurated at the summit. The alliance will build an equity investment communication and exchange platform, industrial capital interconnection platform, and fund park investment and bidding linkage platform through a diversified, multi-level, and multi-dimensional cooperation model so as to assist Nantong's technological innovation and industrial transformation.
