At the 10th China Limited Partners Summit, in Beijing, on June 16, a fund for guiding start-ups in the service business in the Zhongguancun area of Beijing was declared one of the Top 20 Chinese government guidance funds. 

The fund is being managed by E-Town Capital, whose GM, Wang Xiaobo, addressed the gathering to described the fund of funds (FOFs) approach and the reasons for investing in it as an assets management tool and said he believes they can meet investors' various business development needs, with different risk preferences through structural design and matching fund and assets and can manage risk through more diverse investment portfolios.

Wang suggested that parties bring together various LP and GP, based on the industry and that E-Town Capital bring together investment and fund management facilities through various associations. He also called for the establishment of a standardized evaluation system and sorting out the quality GP and noted that, at the moment, E-Town Capital is developing a GP evaluation system and will rate hundreds of indices for a special report and that he asks anyone involved to match assets and funds and design products to meet demand.