Situated at The5G Innovation Valleyin Xiaoshan District of Hangzhou, Rongteng 5G Industry Fund managed by Winreal Investment(容亿投资), has reported to the Asset Management Association of China (AMAC) and completed the record-filing, demonstrating the acceleration of 5G industrial investment and incubation in Qianjiang Century City.

The fund, Rongteng 5G Industry Fund, was established on December28, 2019. It is the country's first investment fund being managed by the team with5G backgroundunder the cooperation of strategic investors and government-backed funds.

Winreal Investment(容亿投资) has completed a new fund at CNY 1 billion (USD146 million) for its 5G investment fund from investors including government-backed funds. Other fund investors such as Hangzhou-based office and home furniture firm Sunon Group, services provider Dahua Technology, Zhejiang Daily Digital Culture and SAIC Capital, etc. The 5G investment fund aims to raise CNY2 billion (USD292 million) in total by the first half of this year.

The 5G Industry Fund will invest in leading enterprises on the 5G industrial chains across the country and join hands with strategic investors to cultivate a 5G industrial market marching towards the goal of 100 billion yuan.