E-Town Capital awarded as a '2020 Top 30 GGF in China'
The Chinese Venture 2021 (Fifth) Limited Partner Summit, an awards ceremony hosted by Chinese Venture and co-organized by Bridge Capital and the China Bridge FOFs Research Institute, was held in Beijing on April 28, 2021.
Titled "Capital Transformation-Quantitative Change of Capital, Source of Value", the conference gathered more than 100 speakers and forum guests from government-funded operating platforms, government guidance funds (GGF), market-based funds, financial institutions, investment institutions and wealth management institutions to discuss the current and future development of limited partnerships.
During the event, the "Limited Partners List of Chinese Venture 2020" was announced, and E-Town Capital was awarded for being one of the "Top 30 GGFs in China in 2020" by virtue of its strong strength, professional operation and reliable reputation.
E-Town Capital was awarded for being a "Top 30 GGFs in China in 2020" at the "Chinese Venture 2021 (Fifth) Limited Partner Summit [Photo/etowncapital.com]
E-Town Capital was focused on cutting-edge industries such as new-generation information technology, biotechnology and health, new energy, smart cars, robots, and intelligent manufacturing when it established the Fund of Funds (FOFs) system.
It gathers resources through FOFs and other resources to attract social capital and promote new projects to settle in the Beijing Economic and Technological Development Area (BDA) so as to introduce established industries and cultivate emerging ones while boosting related enterprises.
To serve the needs of enterprises in the entire industry chain, E-Town Capital's FOFs has established angel funds, VC funds, PE funds, and M&A funds in line with different development stages of companies.
It also connects different industries through flexible and diverse investment methods and promotes the integration of industry and finance for development, which enables rapid connection of various resources.
By the end of April 2021, E-Town Capital's FOFs had participated in the establishment of about 70 funds, with a total fund size of about 637 billion yuan ($99.12 billion).
Total subscriptions to E-Town Capital exceed 62 billion yuan, and its paid-up value is nearly 37 billion yuan.
The all-round and full-process FOFs system has made it possible for E-Town Capital to build an industry-finance service system driven by major projects, led by industrial funds, supported by financing services, carried by industrial bases and guaranteed by capital operation.