CITIC Securities and others have established a new emerging industry fund in Xuzhou, with a total investment of 1 billion yuan.

Tianyancha's business information shows that recently, the establishment of Xuzhou Xugong Zhiyuan Zhan Xinxing Industry Fund Partnership Enterprise was established, with China Merchants Zhiyuan Capital Investment Co., Ltd. as the managing partner, with a capital contribution of 1 billion RMB. The business scope includes equity investment, investment management, asset management, and other activities in private equity funds. The partners of the fund include Xuzhou Strategic Emerging Industry Fund Ltd., Xugong Group Industrial Investment Development Co., Ltd., Xuzhou Yunhan Private Equity Fund Management Co., Ltd., and China Merchants Zhiyuan Capital Investment Co., Ltd. under China Merchants Securities.