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National Integrated Circuit Industry Investment Fund Is Form

According Zhongzheng Wang comprehensive report, under the guidance of the Ministry of Industry and Information Technology, Ministry of Finance, China Development Finance Co., Ltd., China National Tobacco Corporation, Beijing Yizhuang International Investment and Development Co., Ltd., China Mobile Communications Corporation, Shanghai Guosheng (Group ) Co., Ltd., China Electronics Technology Group Corporation, Beijing purple communications Technology Group Co., Ltd., China core investment Management LLC equal to September 24 signed the "national integrated Circuit industry Investment Fund Ltd sponsor agreement" and "National IC industry Investment Fund Company Limited Prospectus ", marking the national Integrated Circuit industry Investment Fund was formally established. Establishment of the National Integrated Circuit Industry Investment Fund, is an important measure to implement the "National Integrated Circuit Industry Promotion Program", but also to adapt to the high risk of large integrated industrial investment industry characteristics, crack IC industry financing bottlenecks, innovative institutional mechanisms active industrial investment exploration. The Fund will take equity investments and other forms, focusing on investment IC chip manufacturing, both chip design, packaging and testing, equipment and materials industries, encourage enterprises to improve productivity levels and the implementation of mergers and acquisitions, corporate governance norms, forming a virtuous self-development capability . Fund the implementation of market-oriented operation, professional management. The company will establish a fund management system and operational mechanism in line with market economy rules, and strive to create good returns for investors.

    
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