On June 5, Sinohead Capital Zhejiang Fund was formally established between Sinohead Capital and Jiaxing Government. This Fund led by Sinohead Capital raises about RMB200M to invest in Jiaxing-based hi-tech enterprises with hi-growth contents.

Wenhui Pan, Vice President of Sinohead Capital, said Sinohead Capital, the initiator and investor of the fund, will invest out RMB200M gradually in line with the schedule. Currently, the fund adopts company operation mechanism.

Also according to Mr. Pan, the fund will mainly invest in enterprises located in the hi-tech, e-information, bio/healthcare, energy saving, and environmental protection sectors. As for the investment strategy, the fund will adopt angel investment, venture capital and private equity investment, and Pre-IPO, etc. Meanwhile, the fund will participate in internal industrial development, new economy field, city planning development and facility investment, etc.