Live picture Xinhuanet, Beijing, January 22 (Huang Boyang) This morning, the China Internet Investment Fund was established in Beijing and reached a number of strategic cooperation agreements with relevant enterprises and financial institutions. The heads of the Cyberspace Admini

Live picture

Xinhuanet, Beijing, January 22 (Huang Boyang) This morning, the China Internet Investment Fund was established in Beijing and reached a number of strategic cooperation agreements with relevant enterprises and financial institutions. The heads of the Cyberspace Administration of China and the Ministry of Finance attended the establishment ceremony and delivered speeches.

The China Internet Investment Fund was established with the approval of the State Council and was jointly initiated by the Cyberspace Administration of China and the Ministry of Finance. The total planned fund size is 100 billion yuan. The establishment of the China Internet Investment Fund is a concrete practice to implement the new development concept and a powerful measure to promote the implementation of the Internet Power Strategy. China Internet Investment Fund will adhere to the investment philosophy of "focusing on professionalism, guiding and leading, supporting the excellent and supporting the strong, and sharing and win-win", adhere to the national strategic orientation, market-oriented operations, and professional management, focus on key areas of the Internet, and support Internet innovation through market-oriented methods. development, assist outstanding Internet companies, serve the strategy of cyber power, and promote the Internet to better benefit the country and people.

also signed a number of strategic cooperation contracts at the fund establishment ceremony. Among them, partnership agreements were signed with 6 strategic investment companies including Industrial and Commercial Bank of China, CITIC Guoan, China Post Life, China Mobile, China Unicom, China Telecom, and the first phase of the fund's 30 billion yuan fund raising was fully subscribed. Signed an investment-loan linkage agreement with three financial institutions, including the Industrial and Commercial Bank of China, the National Development Bank of China, and the Agricultural Bank of China, to provide a package of support measures such as bank credit and financial services to the companies invested by the fund, with a total credit limit of RMB 150 billion. . At the establishment ceremony of

, the heads of the three fund strategic investment companies, Industrial and Commercial Bank of China, China Mobile and CITIC Guoan, made speeches respectively. Nearly 200 guests from relevant national ministries and commissions such as the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the State-owned Assets Supervision and Administration Commission, the State Administration for Industry and Commerce, the China Securities Regulatory Commission, financial institutions, investment institutions, Internet companies, and mass entrepreneurship and innovation representatives attended the establishment ceremony.