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At the launch ceremony of Pudong Technology Innovation FoF on the afternoon of October 10, Shanghai Sci-tech Capital (SSC) signed a letter of intent with Zhangjiang Hi-Tech, Pudong Construction and other enterprises on jointly setting up Shanghai Zhangjiang Technology Innovation Fund (ZTIF). Weng Zuliang, Member of the Standing Committee of the CPC Shanghai Municipal Committee and Secretary of the CPC Committee of Pudong New Area (PNA); Hang Yingwei, Deputy Secretary General of the Shanghai Municipal People's Government and Head of PNA; and Bai Tinghui, Party Secretary and Director of the Shanghai Municipal State-owned Assets Supervision and Administration Commission witnessed agreement signing. Zhong Maojun, Chief Operation Officer of Shanghai International Group (SIG), attended the ceremony.
As important part of SSC's functional investment, ZTIF will, based on ZJ Science City and PNA, radiate the Yangtze River Delta, focus on high-tech and innovative enterprises in relevant fields such as IC, new-generation IT, biomedicine and medical devices, and intelligent manufacturing, and fully explore opportunities to invest in "globally influential local engine enterprises".
SSC will further give play to the platform role of FOF, effectively integrate resources from all sides, combine industries with finance, boost the development of high-tech and high-growth startup enterprises, and make positive contributions to promoting the reform and opening-up of PNA and its high-quality development in the new era.