Chongqing establishes fund for new-type industrialization

Beibei District of Chongqing has collected 742 million yuan to establish a new-type industrialization fund, focusing on technological innovation of local industrial enterprises.

This fund includes 12 million yuan of industrial development funds, 200 million yuan of private economy, 500 million yuan of Caijia Group’s industrial fund and 30 million yuan of government departments.

This district has so far injected some 280 million into fields like technological innovation, investment loans, support for listed enterprises’ restructuring and some others.

Liu Kan

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