Recently the council of Xiamen Industrial Investment Fund deliberated on and passed the resolution regarding the schemes of Xiamen Industrial Guidance Fund to buy shares of 7 funds, namely Kunqiao Phase II Fund, Yinshan Phase II Fund, Deyi Changsheng Fund, China Ship Fund, Lianhe Phase III Fund, Sunshine Ronghui Hongshang Phase II Fund, and Chunhua Renminbi Phase III Fund. It is reported that these 7 funds focus on integrated circuits, semiconductors, next-generation information technologies, biomedicines, supply logistics, and other key industries of Xiamen, with a total scale of 21 billion yuan. By now, Xiamen Industrial Investment Fund has bought shares of 81 funds, including 75 sub-funds, with a total scale of 137.4 billion yuan, leveraging 4.2 times of social capital.
