On June 28, 2011, Agricultural Bank of China (Wuxi) equity investment fund launched in Beijing signed the cooperation agreement. CBRC Vice Chairman Zhou Mubing, Party Secretary of Wuxi Mao Xiaoping, vice mayor of the Kingdom, the Agricultural Bank of China Co., Ltd. Xiang Junbo, President Zhang Yun, vice president of Pan Gongsheng attended this event. CAF President Jiang Feng International Holdings Limited, Wuxi Guolian Group Chairman Wang Xilin cooperation with representatives of the two sides signed the agreement on cooperation in the launch.
ABCI Holdings Ltd. and Wuxi UFJ Financial Group Co., Ltd. and Agricultural Bank of China Wuxi operation of the platform, co-sponsored the establishment of CAF (Wuxi) equity investment fund. Fund uses the form of limited partnership, the total size of 150 billion yuan, down the scale of 50 billion yuan.
The fund based in Wuxi, and the country aims to have all kinds of leading edge technology and high growth potential businesses, especially the strategic mergers and acquisitions in emerging industries like restructuring, focused on investing in things, energy saving, information, biological medicine , software and service outsourcing industry and other strategic areas of emerging high growth potential or innovative business model, business, and consumer and industrial upgrading in the process of high-growth potential companies to achieve capital appreciation, the fund holders to create a good return.
Agricultural Bank of China (Wuxi) equity investment fund is established, a combination of the Agricultural Bank's financial strength and industrial advantages of Wuxi, by combining the advantages of the project for quality business and provide strong financial support, will effectively promote the Wuxi National Strategy as well as emerging industries development.