On November 15, Wuxi inaugurated Investment Fund for Industry Development & Service Trade which was co-initiated by Guidance Fund for Innovation & Development of Service Trade, China Merchants Capital, Wuxi Industry Development Group Co., Ltd. and Wuxi Economic Development Zone. With a total investment of RMB 1.52 billion, the Investment Fund will mainly support the development of TMT (Technology, Media and Telecom, especially the Internet of Things, artificial intelligence and semiconductor industry chain) and health service industries.
The Investment Fund is an answer to the national policy for "making new ground in pursuing opening up on all fronts, developing new models and new forms of trade, and turning China into a trader of quality." It will drive the transformation and upgrade of the service trade industry, foster more competitive service traders and inject vitality into the service trade market.
As the legal counsel for the Investment Fund, the DeHeng team, led by Mr. Mou Hongbao, partner of its Beijing Office, with primary support from lawyers Wang Ziheng and Wang Miao and paralegals Cheng Bin and Si Xinran, provided professional, comprehensive and high-quality legal services for the client.