On July 2, the 10th China SME Investment & Financing Expo and the 2023 "Small Enterprises, Big Dreams" Summit Forum opened at the Etrong International Exhibition & Convention Center in Beijing. 

During the event, the Beijing Economic and Technological Development Zone (Beijing E-Town) Government Investment Guidance Fund was officially launched.

The fund, with an initial scale of 10 billion yuan ($1.38 billion), is wholly owned by E-Town and will be operated and managed by Beijing E-Town International Industrial Investment Management Co., Ltd., a subsidiary of Beijing E-town International Investment & Development Co.,Ltd. (E-Town Capital). The fund will focus on the four leading industries of Beijing E-Town, namely next-generation information technology, new energy vehicles and intelligent connected vehicles, robotics and intelligent manufacturing, biotechnology and big health, as well as other high-tech industries that align with the development plans of the zone.

Li Zibin, president of the China Association of Small and Medium Enterprises (SMEs), Kong Lei, director of the administrative committee of Beijing E-Town, and Chen Zhicheng, secretary of the Party committee and chairman of E-Town Capital, attended the launch ceremony.

Chen Zhicheng briefed the audience about the fund in his keynote speech.

Chen stated that the fund is established to consolidate the development foundation, fully leverage the guiding role of fiscal funds, and support the development of SMEs. The establishment of the fund aims to harness the guiding function of capital, attract capital from various parties, and stimulate the growth momentum of Beijing E-Town. It also aims to enhance innovation and entrepreneurship cultivation by investing at early stages, investing in small businesses, and investing in innovation and technology, in a bid to promote the commercialization of scientific and technological achievements, attract talents of scientific innovation to settle in the zone, and lay a solid foundation for the subsequent development of the industries in the E-Town.

The fund has established an equity investment system consisting of "an industrial upgrading fund + leading industry special sub-funds and seed funds + market-oriented sub-funds," fully covering the entire lifecycle of enterprise development. The fund is now publicly soliciting cooperation and sincerely inviting outstanding fund managers from all parties to submit applications. E-Town Capital is willing to cooperate with a wide range of institutions and innovative entrepreneurial enterprises to jointly create a new chapter of Beijing E-Town in Chinese modernization in the new era, Chen added.