SIG's Equity Fund Investment Projects included in First Candidate List for S&T Innovation Board
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On March 22, the Shanghai Stock Exchange announced the first candidate list of 9 enterprises for the Science and Technology Innovation Board. Ankon Technologies Co., Ltd. funded by GP Medical Health Fund and Shanghai Jinshahe Equity Investment Co., Ltd. under SIG Asset Management Co., Ltd., a wholly-owned subsidiary of Shanghai International Group (SIG) and Ningbo Ronbay Lithium Battery Material Co., Ltd. funded by GP Intelligent Manufacturing Fund and Shanghai GP Lin'gang Intelligent Technology Private Equity Fund Partnership (LP) were listed.
The inclusion of the two projects into the first candidate list shows that project identification and investment capabilities of SIG's industry funds in the technology innovation field. It will further enhance the social influence of SIG's fund brands, and lay a solid foundation for their future growth and sustainable development.
This also marks that SIG's industry fund ecosphere has implemented General Secretary Xi Jinping's requirements that Shanghai should "speed up the building of a globally influential technology innovation center", channeled social capital into small and medium-sized technology and innovative enterprises through equity funds, promoted the development of emerging industries in Shanghai, boosted Shanghai's efforts to fulfill the major task of innovative development of the Science & Technology Innovation Board, and supported the development of Shanghai into a "Five Center".
