Guangzhou Pharmaceutical Group, ICBC Investment, and others establish a venture capital fund with a capital contribution of 700 million.

Tianyancha App shows that recently, Guangzhou Chanfa Guangyao Gongrong Venture Capital Fund Partnership (Limited Partnership) was established. Its executive partners are Guangzhou Guangyao Capital Private Equity Fund Management Co., Ltd. and ICBC Capital Management Co., Ltd., with a capital contribution of RMB 700 million. Its business scope covers activities such as equity investment, investment management, and asset management using private equity funds. Partner information shows that the fund is jointly funded by Guangzhou Guangyao Capital Co., Ltd., ICBC Financial Asset Investment Co., Ltd., Guangzhou Meigu Yinfa Equity Investment Fund Partnership (Limited Partnership), Guangzhou Guangyao Capital Private Equity Fund Management Co., Ltd., and ICBC Capital Management Co., Ltd.