China Zhongji Investment and Qidi Kf signed an agreement to establish the "Qixin Financial Technology Venture Capital Fund"
Recently, the "Qixin FinTech Venture Capital Fund," jointly established by China Zhongji Investment and T&D Technology, officially signed a capital contribution framework agreement in Qingdao. The fund has a total investment of 1 billion RMB. This marks China Zhongji Investment's further enhancement of its business layout in the FinTech field using the "Qixin FinTech Venture Capital Fund" as a vehicle.
Wen Yuanhua, President of China Zhongji Investment, pointed out that the collaboration between China Zhongji Investment and T&D Technology to build this industry fund is a result of a strong alliance and complementary advantages. T&D Technology has already built four core technological investment portfolios in the FinTech investment field, hoping to increase investment in business application scenarios. China Zhongji Investment, relying on its nine major shareholders and more than 20 investment enterprises, possesses abundant resources and application scenarios in real estate, steel, large consumption, new energy, environmental protection, major health, and military industries. As fund managers, the two institutions can not only invest in high-quality projects but also promote business synergy, allowing capital to shift from the virtual to the real and optimizing resource allocation.
China Zhongji Investment's Managing Director, Tan Runzhan, introduced that the "Qixin FinTech Venture Capital Fund" focuses on two investment directions: core underlying technologies (such as artificial intelligence, blockchain, big data, cloud computing, and the Internet of Things) and business application scenarios (such as innovative payments, online loans, Internet insurance, and investment management). The fund's investment stage is defined as: early to mid-stage investment, also considering strategic investments in listed companies.
He believes that the "Qixin FinTech Venture Capital Fund" has three core advantages: a highly professional investment team, whose members come from banks, securities firms, funds, and technology companies, possessing deep insights into primary market investment and rich experience in capital operations; access to high-quality technology enterprise resources; and abundant experience in industrial empowerment post-investment management.
Senior executives from China Zhongji Investment and T&D Technology attended the 2019 Global (Qingdao) Venture Capital Conference on May 9th, signing the capital contribution framework agreement at the conference. Since establishing its "Wealth Management and Financial Comprehensive Reform Pilot Zone" development plan in February 2014, Qingdao has continuously increased its investment attraction efforts in wealth management and FinTech. Qingdao highly recognizes the "Qixin FinTech Venture Capital Fund." The Qingdao New and Old Kinetic Energy Transformation Fund will also participate as a limited partner (LP) in the establishment of the venture capital fund.
Originating from Tsinghua University, T&D Technology is China's first trillion-yuan technology service enterprise. It has more than 800 subsidiaries and holding companies, with industries covering environmental protection, medical health, digital economy, clean energy, and new materials. It owns more than 200 innovation bases globally and boasts the world's strongest vertical incubation system for technology industries. It has formed a full-chain technology service system covering seed funds, angel funds, venture capital, private equity, and mergers and acquisitions funds. T&D Technology currently manages assets exceeding 60 billion.
