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Express News | Shanghai International Port Says It Plans to Invest 480 Mln Yuan to Set up Fund With Partners
Shanghai International Port (600018.SH): plans to invest 0.48 billion yuan in the Shanghai Science and Technology Innovation Phase III Fund.
On December 30, Glonghui reported that Shanghai International Port (600018.SH) announced that the Shanghai Science and Technology Innovation Fund was established in 2017 as a market-oriented mother fund, based on the deployment requirements of the Shanghai Municipal Party Committee and the Municipal Government, aggregating financial capital and industrial groups through the state-owned asset operation platform. Its core mission is to support the construction of the Shanghai Science and Technology Innovation Center. The target total scale of the Shanghai Science and Technology Innovation Fund is 30 billion yuan. In 2024, the Shanghai Science and Technology Innovation Fund launched the fundraising for the third phase of the Shanghai Science and Technology Innovation Fund, with an overall target scale of 8 billion yuan, planning to close the first round by the end of 2024. Shanghai International Port intends to act as a limited partner, with its own capital.
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