Hubei unveiled an industry investment fund to drive its high-quality development on June 28, in Wuhan Economic and Technological Development Zone, Wuhan, capital city of Hubei Province.
The fund is jointly launched by the national manufacturing transformation and upgrading fund and Hubei provincial government, with a registered capital of 15 billion yuan.
At the unveiling ceremony, the fund signed intentional investment agreements with 12 innovative projects. Worth more than 2 billion yuan, these projects are relating to fields such as smart driving and big data.
At the same time, a three-month industrial innovation competition was announced to start by the zone.