On October 8th, at the opening ceremony of the 2023 China Changzhou Science and Technology Economic and Trade Fair, the Changzhou New Energy Industry Investment Master Fund initiated and established by Changzhou Investment Group was officially launched, with a total scale of 5 billion yuan.

The Changzhou New Energy Industry Investment Master Fund is positioned as a secondary master fund under the Longcheng Science and Technology Innovation Development Fund. Through participating in market-oriented sub funds and direct project investment, it attracts social capital to cooperate together, mainly focusing on the various links of the new energy industry chain "development, storage, transmission, and use", fully leveraging the positive role of equity investment in promoting the construction of a strong industrial chain and supporting the construction of Changzhou New Energy Capital.

The two direct investment funds established by Changzhou Investment Group in cooperation with China Insurance Investment and ICBC Capital were also successfully signed on the same day. Among them, China Insurance Changtou Longcheng Intelligent Electric Vehicle Industry Fund will specifically invest in the new energy vehicle parts industry, focusing on strengthening, supplementing, and extending the chain in key parts design, manufacturing, and other fields. The Gongrong Changtou Emerging Industry Investment Fund will focus on industrial upgrading and innovative development, investing in industrial projects in the Yangtze River Delta region, focusing on selecting strategic emerging industry leading enterprises guided by national policies, focusing on improving the investment layout of state-owned capital in strategic emerging industries in Changzhou, and playing a good role in technological innovation, industrial control, and security support.

In recent years, Changzhou has anchored the development goals of the new energy capital and successively issued the "Implementation Opinions on Accelerating the Construction of the New Energy Capital" and the "Policies and Measures for Promoting the Construction of the New Energy Capital in Changzhou City", which have been deeply cultivated and meticulously worked in the new energy industry track with significant results.

Taking advantage of the rapid development of the industry, Changzhou Investment Group is positioned as a "capital+industry" functional group, fully leveraging the brand effect of government investment funds and state-owned venture capital platforms. It has introduced a group of excellent CVC, VC, and PE investment management institutions to drive the import of industrial resources, providing new momentum for creating the "Changzhou sector" of the capital market, and is committed to becoming a well-known and influential industrial collaborative investment group in the Yangtze River Delta, To make new contributions by state-owned enterprises to accelerate the construction of Changzhou as the capital of new energy and high-quality entry into the "GDP trillion city".