Sanxiang Capital Group and Zhongshan Investment Holdings Group signed an agreement on November 8 to jointly launch the Zhongshan Gudu Intelligent Manufacturing Industry Investment Fund.

With a total fund size of 1 billion yuan (500 million yuan for the first phase), the Fund will make equity investment in such areas as next-generation information technology, semiconductors, new energy and high-end manufacturing, as well as in key development areas of Sanxiang Town, aiming to attract more high-quality enterprises and talented individuals to Sanxiang to boost Zhongshan's high-quality economic and social development.