In the afternoon of November 22, the signing ceremony for the Futian Heung Kong Equity Investment Fund which is jointly established by Shenzhen Futian Guide Fund and Heungkong Financial Holdings Group was held in the Four Seasons Hotel in Futian District, Shenzhen. Member of the standing CPC committee of Futian District and deputy head of Futian District government Huang Wei and deputy director of the Shenzhen Financial Services Office Wang Xindong attended the ceremony, of which the theme is “create value through investment and work together to build a win-win future”. Chairman of Heungkong Financial Holdings Group Sam Lau and representatives from investors such as Co-Stone Asset Management, Horoy Holdings Limited and Jike Investment as well as China Guangfa Bank also attended the ceremony. The signing ceremony for the Futian Heung Kong Equity Investment Fund suggests another important driver for the industrial construction and service transformation upgrade in Futian District.

Deputy head of Futian District government Huang Wei extended congratulations to the ceremony on behalf of the government of Futian District, and pointed out that emerging strategic industries, future industries, advantageous conventional industries and modern service industries are the priorities for economic development and also priorities of Futian District. The government of Futian District will use its best efforts to support business development, encourage financial innovations, explore new ways in which financial services can facilitate the real economy and boost industrial upgrade, and push forward operations of market oriented funds.

According to Chairman of Heungkong Financial Holdings Group Sam Lau the Futian Heung Kong Equity Investment Fund is sponsored and managed by Shenzhen Heung Kong Fuhui Fund Management Co., Ltd., a wholly-owned subsidiary of Heungkong Financial Holdings Group, as the general partner of the fund, and the Futian Guide Fund as the major limited partner contributing RMB 150 million. The total assets under management is RMB 1 billion.

It is said that, as a government sponsored industrial investment fund, the Futian Heung Kong Equity Investment Fund will achieve coordinated development through combining advantages of a governmental guide fund and a market oriented fund. In the future, the fund will focus on investing in industrial construction and service transformation, and based on the industrial resources of Heungkong Financial Holdings Group, guide industrial development by taking advantages in talents, experiences and specialties. Investment fields will mainly cover emerging sectors such as consumption upgrade, advanced manufacturing, health care, culture and education, modern finance and specialized services, supporting economy transformation and upgrade.