Beijing High-Grade, Precision and Advanced Industrial Development Fund (“the Fund”) was officially announced on January 14, 2016.  The Fund is an industry guiding fund approved by Beijing Municipal Government under the principles of “Policy-Orientation, Guidance, Openness and Marketization”.

The total scale of the Fund is RMB 20 billion, among which the financial capital contributes RMB 5 billion.  The Fund mainly supports the industrial development orientation put forward by “Beijing Action Platform of ‘Made in China 2025’” and focuses in the investment fields including the new-generation mobile internet, self-controlled information system, cloud computing and big data, intelligent manufacturing, the new-generation healthcare and treatment, new energy vehicles, general aviation and satellite application, new material and modern city, etc..

The Fund has 11 first cooperative institutions with the total scale of RMB 5.5 billion, among which the financial capital contributes RMB 1.3 billion.  The Fund’s 10 strategic cooperative banks plan to provide RMB 240 billion for the Fund and its investment projects.

The legal service Cathay Associates Kejie provided for the Fund establishment includes, among others, (i) providing counseling on the Fund establishment related legal issues; (ii) drafting and revising the Fund establishment related legal documents.

Cathay Associates Kejie team was led by partner Fred Hao and included Liu Xiayi, He Yuting and Cui Ying.