On December 27, Shanghai STVC (Group) Co., Ltd. and CRRC Capital Holding Co., Ltd. signed a strategic cooperation agreement, in which the two sides will jointly accelerate the transformation of old growth drivers, serve the national strategy of regional integration development in the Yangtze River Delta, and boost the innovation and entrepreneurship development in Shanghai.

The JV will promote the establishment of equity investment funds in strategic emerging industries.

Focusing on the "science and innovation board" and the advantage fields of strategic emerging industries in the Yangtze River Delta region, the equity investment fund of strategic emerging industries will be set up. Relying on their respective resources and network advantages, the key industrial enterprises and high-quality project resources in the Yangtze River Delta region will be sorted out, and the enterprise library and project library will be jointly established.

Set up industrial digital industry fund around the Yangtze River Delta region

The JV will explore the establishment of an industrial digital industry fund in the Yangtze River Delta region to boost the investment, merger and acquisition, scientific and technological innovation and industrial landing of the DIGITAL industry of CRRC Industry in the Yangtze River Delta region, and improve the overall level and level of the industrial Internet, high-end manufacturing and digital industry in the Yangtze River Delta region.

Promote the integration of fund management companies and team communication

Promote management integration and management team communication between the two sides, including but not limited to mutual participation fund management company platform, high-quality investment project resource sharing, operation investment project management experience exchange, etc., promote management team integration and project resource collaboration and interaction between the two sides.