Wuhan Economic & Technological Development Zone (WHDZ), located in Wuhan, Central China's Hubei province, is set to cooperate with China Poly Group Defense Science, Technology and Research Center and Sichuan Hongtao Investment Management Co in high-end equipment manufacturing, following the signing of a cooperation framework agreement on Oct 15.
The Poly Hongtao high-end equipment manufacturing project will build a high-tech industrial park base and set up an industrial investment fund in WHDZ.
The high-tech industrial park base will be led by the transformation of results, and will empower enterprises by building an operation service platform, an achievement management platform, an industrial cluster management platform and a financial service platform.
At the same time, it will gather talents, technology, capital, upstream and downstream industries and supporting enterprises, striving to build a closed-loop industrial chain integrating industrial investment, technology innovation, industrial application, talent training, and asset securitization.
The total scale of the industrial investment fund will be around 2 billion yuan ($298 million), with new materials, the Internet of Things, intelligent manufacturing and artificial intelligence as the main investment directions.
