A few days ago, the "Tus Financial S&T Venture Fund", jointly constructed by China Zhongji Investment and Tus-S&T Service Group, formally signed the investment framework agreement in Qingdao. The fund has a total investment of RMB1 billion. This signifies that China Zhongji investment will further improve its business layout in the field of financial science and technology with the "Tus Financial S&T Venture Fund" as its carrier.

Wen Yuanhua, the president of China Zhongji Investment, pointed out that China Zhongji Investment and Tus-S&T Service Group have jointly established the industrial funds as a result of strong alliance and complementary advantages. Tus-S&T Service has built four core technology portfolios in the field of financial technology investment, hoping to increase investment in business application scenarios. China Zhongji Investment relies on nine major shareholders and 20 invested companies, and has rich resources and application scenarios in real estate, steel, large consumption, new energy, environmental protection, health, military and other fields. As the manager of the fund, the two institutions can not only invest in high-quality projects, but also promote business synergy, so that resources can be optimized.

 According to Tan Runzhan, managing director of iChina Zhongji Investment, "Tus Financial S&T Venture Fund" is located in two major investment directions: Core underlying technologies (such as artificial intelligence, blockchain, big data, SaaS, the Internet of Things, etc), business scenario applications (such as innovative payments, online loans, Internet insurance and investment management, etc). The investment phase of the fund is defined as: Medium-early investment, and strategic investment of listed companies.

 Tus-S&T Service Group is a financial holding and innovative business incubator service provider. Tus-S&T Service Group was established by Tusholdings in conjunction with Tsinghua Holdings, CCB International and ICBC International with an investment of 10 billion yuan. The corporate vision is the operator of China's innovation and entrepreneurship ecosystem. At present, the Tus-S&T Service Group has Tus-Incubator, Tus-Venture Capital, Tus-Sound Environment Sources, Tus-Water, Tus-Guhan, COL Digital Publishing, Keda Energy, Tsinghua Solar and other enterprises, covering seed funds, angel funds, VC, PE, M&A funds and other full-chain technology service systems.

Wen Yuanhua, the president of China Zhongji Investment, pointed out that the joint construction of China Zhongji Investment and enlightened costume industry fund is a result of strong combination and complementary advantages. In the field of financial science and technology investment, Kaidikou has built four core technology investment portfolios, hoping to increase investment in business application scenarios. While China Zhongji Investment relies on nine major shareholders and more than 20 investment enterprises, owning abundant resources and application scenarios in the fields of real estate, iron and steel, big consumption, new energy, environmental protection, big health and military industry. As the fund manager, the two institutions can invest in high-quality projects, but also promote business coordination, so as to make capital devoid of reality and optimize resource allocation.

According to Tam Yun-dun, managing director of investment in China and Hebei, "Kai Xin Financial Technology Venture Fund" is located in two major investment directions: Core underlying technologies (such as artificial intelligence, chunks, big data, cloud computing, the Internet of Things, etc.), business scenario applications (such as innovative payments, online loans, Internet insurance and investment management, etc.). The investment phase of the fund is defined as: Medium-early investment, and strategic investment of listed companies.

He believes that the "Kai Xin Financial Science and Technology Venture Fund" has three core advantages: A very professional investment team, comprising members from banks, brokerages, funds and technology companies, with deep insight into first-class market investment and rich experience in capital operation; Having high quality technology and enterprise resources; Rich experience in post-investment management in industry.

A framework agreement for funding was signed on 9 May at the Global Venture Capital Congress (VVVIC) 2019, which was attended by senior representatives of the two institutions, China Zhongji Investment and Enlightenment. Since the establishment of the pilot zone for comprehensive financial reform in February 2014, Qingdao has been increasing its efforts to attract investment in the fields of wealth management and financial science and technology. Qingdao highly endorses the "Kai Xin Financial Science and Technology Venture Fund". The new and old kinetic energy conversion fund in Qingdao will also serve as LP and participate in the construction of the venture capital fund.

Inspired costume originated from Tsinghua University and is the first 100-billion-grade science and technology service enterprise in China. Its holding company has more than 800 companies, covering a wide range of fields such as environmental protection, health care, digital economy, clean energy and new materials. With more than 200 innovation bases and the world's strongest vertical hatching system for science and technology industries, a full-chain service system covering seed funds, angel funds, VC, PE and M & A funds has recently been established. The company currently manages more than 60 billion assets.