Sinopec establishes its first fund with RMB five bln

2020-09-13
|
Lynn Lin

Enze Fund, initiated by Sinopec Group Capital, has recently completed its industrial and commercial registration, marking the establishment of Sinopec’s first fund.


According to the person in charge, the total capital scale of Enze Fund has reached five billion yuan, of which two billion yuan belong to the first phase.


The Enze Fund will focus on Sinopec’s main business and help transform the scientific and technological achievements by investing in the strategic emerging industries of new materials, new energy, energy saving and environmental protection, high-end intelligent manufacturing, artificial intelligence and big data.


The three investors are determined after several rounds of negotiations, which are the National Manufacturing Transformation and Upgrade Fund, Tianjin Haihe River Industry Fund, and Foshan Nanhai Financial High-tech Zone Investment Holdings Co., Ltd.


The fund will explore high-quality targets within Sinopec and the industrial chain based on the advantages of Sinopec’s industrial background, industrial chain layout, technology incubation and etc., thus boost the transformation of the scientific and technological achievements.



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