Xinjiang's Tacheng secures 10bn yuan boost for modern industrial projects
By Mao Weihua and Guo Yanqi |
chinadaily.com.cn |
Updated: 2025-10-26 20:35
Share
Share - WeChat
A 10-billion-yuan ($1.4 billion) industrial fund was launched on Sunday in Beijing to boost modern industries in Xinjiang's Tacheng prefecture, a centerpiece of the Conference on Financial Support for High-Quality Industrial Development in Xinjiang's Border Areas.
The Tacheng High-Quality Industrial Investment Fund starts with an initial one billion yuan, jointly committed by Beijing Hangke Junfu Private Fund Management Center (LLP) and New China Asset Management Co., Ltd. It will adopt a parent-subsidiary structure, with seven sub-funds supporting enterprises at different stages of growth.
- China Coast Guard patrols waters around Diaoyu Islands
- PLA Air Force showcases advanced aircraft at Egypt Airshow
- Cargo ship fire in Qingdao leaves 25 dead
- New round of national medical consumables procurement includes 23 varieties
- China and US collaborate to solve transnational drug trafficking case
- China launches remote sensing satellite groups
