Shenzhen Chamber of Commerce established a development fund to invest 500 million yuan in Shenzhen SME (VC340)

On February 19th, the Shenzhen Chamber of Commerce held the unveiling ceremony at the Sheraton Shenzhen Hotel. According to reports, the Shenzhen Business Association will set up a Shenzhen Business Development Fund. The first phase of the scale is initially set at 500 million yuan, and it intends to invest in Shenzhen SMEs.

It is understood that Shenzhen Business Development Fund is a private equity industry fund, commonly known as PE fund. It is organized by the Shenzhen Chamber of Commerce to be recruited from the board of directors, and together with the board of directors meeting to study and decide to hire a special fund management agency for investment management. Taking Shenzhen Business Development Corporation, Shenzhen Business Association and high-quality enterprises as SME service platforms as investment targets, the scale of the first phase is initially determined to be 500 million yuan, and the closed period is 5 + 2 years. The board of directors of the Shenzhen Chamber of Commerce sets a threshold for membership. The number of members is limited to 100. The criteria for membership are based on asset size, industry leadership, and social influence. Tentative fixed assets of more than 1 billion yuan and assets of more than 10 billion yuan principal.

Zhang Siping, Member of the Standing Committee of the Shenzhen Municipal Committee and Minister of the United Front Department, said at the unveiling ceremony that the official opening of the Shenzhen Business Association's high-end platform "Shenshang Federation" signified that the development and brand building of the "Shenshang" will enter a new stage.

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