On January 18th, following the settlement of China Rocket Co. Ltd. in Beijing ETDZ, Beijing ETDZ and China Aerospace Science and Technology Corporation cooperated again in the announcement of the first Aerospace Industry Fund.
The Fund was raised by five Companies including Aerospace Investment Holdings Limited, Yizhuang International Investment & Development Co. Ltd., Haidian district state-owned capital management center, CITIC Group as well as Aerospace Industry Investment Fund Management Co. Ltd. Among them, Aerospace Investment Holdings Limited and Yizhuang International Investment & Development Co. Ltd. respectively subscribed 1 billion Yuan, Haidian district state-owned capital management center and CITIC Group respectively subscribed 500 million Yuan, and Aerospace Industry Investment Fund Management Co. Ltd. subscribed 30 million Yuan.
“Aerospace Industry Fund, with the first collection of 3.03 billion, plans to extend the scale to 20 billion in the near future, which will promote the development of hundreds of billions of related industry chains.” Wuyanhua, chief accountant of China Aerospace Science and Technology Corporation, expressed that Aerospace Industry Fund will focus on promoting the rapid industrialization development of satellites, launch vehicle, aerospace electronics, new materials, new energy and key equipment manufacturing by market-oriented approach.
The latest industry plan of Beijing ETDZ shows that the zone will cultivate and develop characteristic aerospace industry on the base of existing industrial bases and the advantages of Beijing Aeronautics and Astronautics Group and its institutions in the future.