The Hefei National High-tech Industry Development Zone is set to invest 1 billion yuan in Hefei Gaoxin Group. This will increase the group's paid-in capital to 9.3 billion yuan, with its total assets exceeding 62 billion yuan.

The investment is expected to help further consolidate state-owned enterprises' leading roles in the regional economy, and unleash their leverage effect. The group will utilize the money to strengthen its overall competitiveness, improve its investment and financing capability, and provide greater strategic support to the regional economy, industrial development, and sci-tech innovation.

During the past four years, the Hefei high-tech zone has raised 2.6 billion yuan for the group, helping the firm play a conducive role in backing the real economy and accelerating the transformation of research achievements and industrial upgrading.

In recent years, Hefei Gaoxin Group has actively made investments, setting up 49 equity funds and holding funds with a total volume of nearly 50 billion yuan. The group established a financial service system to provide full life-cycle services for sci-tech enterprises, and boosted high-quality development of high-tech industries in the zone in such fields as artificial intelligence, quantum computing, aerospace and new energy.

So far, the group has sponsored more than 800 sci-tech and innovative enterprises, and nurtured over 40 small- and medium-sized enterprises that use specialized and sophisticated technologies to produce novel and unique products, 130-odd high-tech firms, as well as over 60 province- and city-level talent programs. It also makes great efforts to foster new quality productive forces, providing strong support for the zone to build a world-class high-tech zone.