On November 18, 2021, the investment and talent attraction mobilization meeting of Chengdu Hi-tech Industrial Development Zone was successfully held. 118 on-line parallel sessions were set up around the world, covering key domestic cities such as Beijing, Shanghai, Shenzhen, Hangzhou, Ningbo, Wuxi, Suzhou and Dongguan, as well as key regions such as Europe, Japan, South Korea and Singapore. Cao Junjie, member of the Standing Committee of Chengdu Municipal Committee and secretary of the Party Working Committee of Chengdu Hi-tech Industrial Development Zone, and Yu Hui, deputy secretary of the Party Working Committee and director of the Management Committee of Chengdu Hi-tech Industrial Development Zone, attended and delivered speeches.
At the meeting, Chengdu Hi-tech Industrial Development Zone emphasized the "industry fund" again, held a centralized on-line signing ceremony for Industry Development Fund Cooperation Project with 11 well-known financial institutions, including CR Capital Management, Gaotong Capital and BOC Financing. Ni Bing, managing director of CR Everbright Health Industry FOF under CR Capital Management, signed with Chengdu Hi-tech Industrial Development Zone on behalf of CR Capital Management on the cooperative establishment of Runkang M&A Fund, and Carl Qin, general manager of CR Capital Management, witnessed the signing ceremony.
"The next 5 to 10 years will be the golden period of global industrial transformation. Chengdu Hi-tech Industrial Development Zone will seize the opportunity, increase investment and speed up the establishment of industrial investment funds." According to the relevant person in charge of Chengdu Hi-tech Industrial Development Zone, in the next five years, Chengdu Hi-tech Industrial Development Zone will launch industrial funds totaling 300 billion yuan. These funds aim to customize the whole life-cycle investment and financing service system from angel investment to listing and financing for the growth of enterprises in Chengdu Hi-tech Industrial Development Zone, thus maximizing the release of policy dividends, creating an industrial peak with global influence in several segments, and providing strong support for the construction of a world-class high-tech park in High-tech Zone.
Runkang M&A Fund is a M&A fund to be established by CR Capital Management and Chengdu municipal platform/districts and counties. The Fund focuses on M&A and strategic investment opportunities in the field of healthcare, taking into account minority equity investment opportunities. This Fund will be the first fund initiated by CR Capital Management under the "14th Five-Year Plan" of CR Group, which is in line with the Group's strategic development direction of "being deeply engaged in Chengdu-Chongqing Economic Circle and creating a new growth pole for CR Capital Management" as well as the strategic positioning of CR Capital Management's "Principle 134" under the "14th Five-Year Plan".
In September 2021, CR Group held the first working meeting of Chengdu-Chongqing Economic Circle Working Group in Chengdu, which was chaired by Chen Xiaojun, deputy general manager of CR Group. The meeting stressed the need to give full play to the diversified and cross-industry advantages of CR Capital Management, and to enhance cooperation with other central and local state-owned enterprises while achieving favorable internal collaboration, thus forming an ecosystem. We should give full play to the role of finance and capital in facilitating industrial development and acquiring projects, promote high-quality and rapid industrial development, conduct work well under "14th Five-Year Plan" in the Group and fulfill the mission and responsibility of serving the national strategy as a central enterprise.
