Shandong Province Caijin Venture Capital increases registered capital to 5 billion yuan

Shandong Provincial Finance and Capital Venture Investment Company has significantly increased its registered capital to 5 billion RMB, a 3900% jump from its previous 125 million RMB. This move by the state-backed firm, established in 2013, aims to bolster its venture capital activities. Additionally, a new investment partnership, Meiyi Chanrong Sihe (Ningbo), has been formed with a capital of 600 million RMB, involving entities linked to Midea Group. AI

RANK_REASON Significant capital increase for a state-backed venture investment firm and formation of a new investment partnership.

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• Ding Runhua
• Meiyi Chanrong Sihe (Ningbo)
• Midea Group
• Shandong Provincial Finance and Capital Venture Investment Company

• funding
• other

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