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The Xiongan Global Blockchain Innovation Fund was jointly funded (raised) by the Yuhang District Government, the Future Science and Technology City Administrative Committee, and Hangzhou Haoyu Investment Management Co., Ltd. The scale of the fund is up to 10 billion yuan (USD1.6 billion), of which the government-guided funds contribute up to 30% for investment and the introduction of high-quality blockchain projects.
Hangzhou Xiongan Investment Management Co., Ltd. will be responsible for the management of the fund. It will be jointly established by Youyi Investment and INBlockchain. Participants include blockchain celebrities such as Li Xiaolai and Lao Mao.
Ten blockchain technology projects from the world were successfully contracted and settled in the Hangzhou Blockchain Industrial Park
Hangzhou Investment Management is a rapidly emerging equity investment institution with a management fund size of over 30 billion. Since 2014, it has been focusing on blockchain-related investments and has invested in a number of international leading blockchain companies, such as Kenan Minzhi. Kennan Minzhi is the world’s second-largest Bitcoin mining machine chip manufacturer.
Beijing-Hangzhou blockchain, Sky blockchain, Leyi chain, etc., have received high investment income.
INBlockchain is an investment company focused on promoting the development of global blockchains. Star projects such as EOS, Qtum, Zcash, and SIA have been included in the team history project and have become one of the benchmark companies in the global blockchain investment institutions.
Shenzhen government guidance fund has set up angel investment fund with a first phase of 5 billion yuan (US$792 million). The fund will be jointly managed by two municipal State-owned enterprises, Shenzhen Investment Holdings Co. Ltd. and Shenzhen Capital Group.
https://www.nextbigfuture.com/2018/...ment-funds-and-industrial-parks-in-china.html
