Hangzhou sets up fund to attract foreign investment, talents
Hangzhou News   2021-08-25 14:31   Source:www.ehangzhou.gov.cn

Hangzhou State-owned Capital Investment and Operation Co Ltd and Hillhouse Group on Aug 20 agreed to cooperate to promote the high-quality development of Hangzhou.

According to the cooperation agreement between the two sides, Hangzhou Capital and Hillhouse Group will establish a sci-tech innovation investment fund worth 10 billion yuan ($1.54 billion).

The fund is expected to invest in fields of artificial intelligence, integrated circuit, semiconductor, internet of vehicles, intelligent driving, and new energy vehicles.

Author:  Editor:Wang Jian