Hebei Zhongji Financial Industry Upgrade Fund's 2022 Annual Partner Conference was successfully held
On September 28, 2022, the 2022 annual partner meeting of Hebei Zhongji Cai Industrial Upgrading Equity Investment Fund (hereinafter referred to as "Hebei Zhongji Cai Fund") was successfully held at the Beijing office of China Zhongji Investment. At the meeting, China Zhongji Investment, as the fund manager, reported on the investment and operation status of the fund since its establishment, as well as the development and exit status of invested projects.
Hebei Zhongji Cai Fund is a 500 million RMB industrial guidance fund managed by China Zhongji Investment. In the two years since its establishment, Hebei Zhongji Cai Fund has completed investments in five projects. All invested projects are currently developing smoothly. One project has already exited, with an annualized return exceeding 70%; two projects have been accepted for IPO applications on the Shenzhen Main Board and the STAR Market in 2022, respectively; and the other two projects have both secured follow-on financing and plan to apply for IPOs in 2023.
The fund partners, Hebei Jicai Industrial Guidance Fund and Tangshan Science and Technology Venture Capital, gave high praise and full recognition to the fund's investment performance and China Zhongji Investment's management capabilities. They expressed their expectation for continued high-quality project investments and a greater contribution to local industrial development.
