On August 4, 2021, at the 8th China LED Initiative Conference, Shenzhen Lighting and Display Engineering Industry Association and Shenzhen Baoan District Industry Guidance Fund Management Co., Ltd. jointly established the "Greater Bay Area Information Technology Industry Equity Investment M&A Fund" "The signing of a strategic cooperation agreement also means that the industry's first special fund is about to set sail. Li Lei, Head of Strategic Investment Department of Shenzhen Baoan District Industry Guidance Fund Management Co., Ltd., and Zhao Fei, Secretary of the Party Committee and Secretary-General of Shenzhen Lighting and Display Engineering Industry Association, participated in the signing.
Gao Fei, resident vice chairman of the China Illuminating Society, Chen Yansheng, chairman of the China Lighting Association, Hong Zhen, secretary general of the LED Display Application Branch of the China Optoelectronics Industry Association, Tang Guoqing, Director of the Semiconductor Lighting Technology and Application Committee of the China Illuminating Society, Shenzhen Zeng Xiaolan, chairman of the Municipal Lighting and Display Engineering Industry Association, and other guests witnessed the signing.
It is understood that Shenzhen Baoan Industry Guidance Fund Management Co., Ltd. has a registered capital of 3 billion yuan. It is an equity investment platform under the "Baoan Industry Investment Group" of the State-owned Assets Supervision and Administration Commission and was selected as one of the top 50 industrial funds by the Chinese government. At present, it has invested in enterprises such as civil explosion photoelectricity.
The Shenzhen Lighting and Display Engineering Industry Association (SLDA) was established in 2016. It is the first domestic LED cross-border industry association approved by the Shenzhen Municipal Civil Affairs Bureau and the only association with a local industry party committee in the LED industry. The association consists of Nobel Prize winner Shuji Nakamura, academician of the Chinese Academy of Sciences, and experts such as Tang Guoqing and Qian Keyuan as the chief consultants. There are more than 500 member units, more than 50 listed companies, and the annual output value of member units exceeds 400 billion yuan.
The first phase of the fund to be established this time is 100 million yuan, of which 30% is subscribed by the government and 70% is raised for listed companies, institutional investors, and entrepreneurs. The fund will be used to invest in the new generation of information technology industry, focusing on investment in integrated circuits and special equipment, information and communication equipment, operating systems and industrial software, intelligent manufacturing core information, new generation networks, high-performance computers and servers, advanced lighting and new 17 subdivision areas such as display. Industry insiders said that with the launch of industry-specific funds, the technological bottleneck of some companies in the industry will be broken through driven by funds and the market, which will be more conducive to the development of the industry.
