SAIC Motor and others establish a new emerging industries fund in Suzhou

The Qichacha app shows that, recently, Suzhou CIMC SAIC Phase II Emerging Industry Fund Partnership Enterprise (Limited Partnership) was established, with a capital contribution of about 4.7 billion yuan. Its business scope includes: private equity investment fund management, venture capital fund management services; asset management services involving investment of its own funds, etc. Qichacha equity look-through shows that the partnership is jointly held by, among others, Qingdao SAIC Innovation Upgrade Industrial Equity Investment Fund Partnership Enterprise (Limited Partnership) under SAIC Group. (People’s Finance News)
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