An earmarked investment action plan was recently unveiled by the People's Government of Anhui Province, reaffirming the province's commitment and support for the Grand Union of Innovation, as well as its reliance on its international influence.
Grand Union of Innovation – located in Hefei city in East China's Anhui province – plans to build a "fund forest," with the amount of funds under management totaling more than 200 billion yuan ($27.53 billion).
The fund will conduct industry guidance, which means attracting domestic and international resources to the strategic industries and key industries of Grand Union of Innovation via participating in sub-funds.
The fund will focus on key provincial and municipal industries, strategic emerging industries and future industries.
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