The Shenzhen-Zhongshan Development Fund, co-founded by Zhongshan's Cuiheng Group and Shenzhen's Shum Yip Group, has recently commenced operations.
In January 2024, Cuiheng Group and Shum Yip Group signed an agreement to establish an industrial investment fund of 1 billion yuan.
The initial fund is approximately 200 million yuan, mainly invested in strategic emerging industries, such as healthcare and pharmaceuticals, new energy and high-end equipment manufacturing and next-generation information technology, in Cuiheng New District.
Previously, Cuiheng Group and Shum Yip Group had already established two specialized companies, aiming to carry out in-depth cooperation in industrial park construction, operation investment promotion. The 2.7-billion-yuan GBA Future Technology Center jointly invested by the two sides is scheduled to be completed and put into use in the first half of 2024.
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