Sinopec, CCB Investment, and others establish a new materials industry fund in Yueyang with a contribution of 5 billion yuan.

Radar Finance, according to business information from Tianyancha, shows that recently, the Chaoyang Modern Petrochemical New Materials Industry Fund (Yueyang) Partnership Enterprise (Limited Partnership) was established. The executive affairs partners are Sinopec Private Equity Fund Management Co., Ltd. and Jianxin Jintou Private Equity Fund Management (Beijing) Co., Ltd. The subscribed capital amounts to 5 billion yuan. Its business scope includes venture capital, and activities such as equity investment, investment management, and asset management through private funds, as well as enterprise management consulting. Partner information shows that the fund is jointly funded by China Petroleum & Chemical Group Capital Co., Ltd., Jianxin Financial Asset Investment Co., Ltd., Guotiao Phase II Coordinated Development Fund Co., Ltd., Yueyang Caijin Development Group Co., Ltd., and others.

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