On June 7, the signing ceremony for the establishment of the Xiamen Advanced Manufacturing Fund took place. CCRE Group, a subsidiary of ITG Holding Group, signed agreements with Xiamen Industrial Investment, Jimei Industrial Investment, and Torch Industrial Investment to jointly set up the Xiamen Advanced Manufacturing Fund, with a total scale of 10 billion yuan. Currently, Xiamen is vigorously implementing the Technology Innovation Leading Project and the Advanced Manufacturing Industry Multiplication Plan, accelerating the construction of the "4+4+6" modern industrial system, and actively fostering new productive forces. The industrial fund is a crucial vehicle for effectively connecting industries with capital and enabling mutual empowerment. The establishment of the Xiamen Advanced Manufacturing Fund will support the rapid development of advanced manufacturing, attract high-quality projects, assist in strengthening and extending the industrial chain, promote the transformation and upgrading of traditional manufacturing industries, and cultivate a group of advanced manufacturing enterprises with international competitiveness, injecting new momentum into the high-quality economic development of Xiamen. In the future, the Xiamen Advanced Manufacturing Fund, as a fund of funds, will establish several sub-funds to lead and attract social capital to support the construction of advanced manufacturing clusters in Xiamen.
