STOCKS | SAIC Motor and Others Establish New Emerging Industries Fund in Suzhou

The Suzhou Zhongjin SAIC Phase II Emerging Industries Fund Partnership was recently established in Suzhou with registered capital of about 4.7 billion yuan. According to Jin10, Qichacha APP said the partnership's business scope includes private equity investment fund management, venture capital fund management services, and asset management services for self-owned capital investments. Qichacha equity data showed the partnership is jointly held by Qingdao SAIC Innovation and Upgrade Industry Equity Investment Fund Partnership and others under SAIC Motor.