The high-quality development fund of listed companies in Guangzhou is about to set up a target size of 20 billion yuan.

Xinhua News Agency, June 9, at the launching ceremony of the 12th China (Guangzhou) International Financial Trading Expo, Guangzhou Financial holding Group and Guangdong Hengjian Investment Holdings Co., Ltd. signed the "Strategic Cooperation Framework Agreement on the High quality Development Fund of Guangzhou listed companies," and the two sides will cooperate to establish a high quality development fund for listed companies in Guangzhou. The target size of the fund is 20 billion yuan, and through cooperation with listed companies to set up an industrial sub-fund to integrate the resource advantages of private equity funds, securities companies, financial leasing, re-guarantee and other business sectors, help listed companies to carry out mergers and acquisitions around the main business and the upper and lower reaches of the industrial chain, give full play to the leading role of listed companies in cultivating industrial clusters and extending the strong chain complement chain, and promote the industrial transformation and upgrading of Guangzhou.