ICBC-TEDA Fund Landed in TEDA

Recently, Tianjin ICBC-TEDA Equity Investment Fund Partnership (Limited Partnership) completed its business registration with the relevant authorities and successfully filed with the Asset Management Association of China. This represents a key step by the Tianjin Economic-Technological Development Area (TEDA) to collaborate with the "national team" of the financial sector in accelerating investments in high-end equipment manufacturing. It also marks a breakthrough in TEDA's efforts to apply the "equity investment + debt-to-equity swap" model to support regional industrial transformation and upgrading.

The ICBC-TEDA Fund has a total committed capital of RMB 1 billion. Its limited partners are ICBC Investment and Tianjin TEDA Industrial Guidance Fund Co., Ltd., while ICBC Capital Management Co., Ltd. and TEDA Industrial Investment Management Co., Ltd. serve as general partners. ICBC Capital acts as the fund manager and executive general partner. Leveraging ICBC Investment's expertise in debt-to-equity investments and TEDA's high-quality project resources in advanced manufacturing, the ICBC-TEDA Fund will focus on TEDA's "4+1" industrial clusters, investing in high-quality enterprises in sectors such as specialized and sophisticated SMEs, high-tech industries, and high-end equipment manufacturing that align with national strategic priorities. Through capital linkages, the fund aims to cultivate and introduce new drivers of industrial growth, facilitating the optimization and upgrading of the regional industrial structure.