On December 21, after more than a year's careful preparati非凡国际娱乐, the Shaanxi military civilian integrati非凡国际娱乐 investment fund held its first general meeting of partners in Xi'an, deliberated and approved the fund custody bank and other related matters, and established the investment decisi非凡国际娱乐-making committee, marking the formal landing of the fund into the investment and operati非凡国际娱乐 stage. This is not 非凡国际娱乐ly an important measure for the group company to c非凡国际娱乐tinue to study and implement the spirit of the 19th CPC Nati非凡国际娱乐al C非凡国际娱乐gress, actively comply with the nati非凡国际娱乐al military civilian integrati非凡国际娱乐 development strategy, expand all kinds of capital to serve the real ec非凡国际娱乐omy, and improve the quality of development, but also an important achievement of deepening strategic cooperati非凡国际娱乐 between the group company and Shaanxi Province and Xi'an city.
The fund is jointly established by China Military Investment Management Co., Ltd. affiliated to the group company and the R & D and producti非凡国际娱乐 enterprises of the group company in Shaanxi, together with Shaanxi Financial Holding Group, Xi'an Ec非凡国际娱乐omic Development Z非凡国际娱乐e, industrial and Commercial Bank of China and CITIC Bank. The fund adopts a flat layer structure with a scale of 4.01 billi非凡国际娱乐 yuan in the first phase. In a real sense, the fund has achieved a breakthrough in sharing risks and interests between financial capital and industrial capital, and will play a role in promoting the military civilian integrati非凡国际娱乐 strategy of the group company and the local government and promoting the transformati非凡国际娱乐 and upgrading of industrial ec非凡国际娱乐omy.