Guanshanhu fund town's financial capital leaps to 100b yuan

Guanshanhu Fund Town serves as a platform for the flow of finance between funds and projects. [Photo/Guanshanhu district]

The new Guizhou Guanshanhu Fund Town – located in the Guanshanhu district of Guiyang, capital of Southwest China's Guizhou province – has proved to be a powerful magnet attracting investment funding and its paid-in capital now exceeds 100 billion yuan ($15.83 billion).

As the first of its kind in the province, it is understood to have experienced rapid growth since its establishment in October, 2021. The fund town serves as a platform for the funding of projects and by March 2, it had 18 registered funds on site.

Moving forwards, plans are for the fund town to continue to exert its influence in the district to enrich the finance sector, create a finance supply chain ecosystem, promote the high-quality development of the real economy and attract more high-quality and qualified funds and fund management companies.