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Chengdu Fuels Industrial Growth and Digital Transformation

Since it started working in 2021, the Chengdu Heavy Industry Fund, an investment fund for big industrialisation projects in Chengdu province, has signed more than 12 billion yuan (S$2.4 billion) in contracts, which have led to investments of more than 100 billion yuan (S$20 billion).

The total size of the parent-child fund group is more than 80 billion yuan (S$16 billion). There are 14 authoritative lists in the equity investment industry, such as Science and Investment, and the contribution of the industry and the effect of brands are becoming more and more noticeable.

Recently, the honourable title “Advanced Collective in Investment Promotion in Sichuan Province” was given to Chengdu Heavy Industry Fund, which was the only industry fund in the province.

The Chengdu Heavy Industry Fund recognises the important role that chain-owner enterprises and high-energy level projects play in driving industrial growth. The fund gives priority to industry attention because it knows a lot about big industrialisation projects that involve big investments, a lot of industrial energy, and a lot of technology.

It takes advantage of the main chain industry’s tendency to group together and uses a strategy in which investment and hiring are linked to help big development projects.

The Chengdu Heavy Industry Fund gives top priority to setting up a method for bringing in new investors and hiring people. By using the fixed-increase method, it was able to help local businesses cut costs and get out of the secondary market. This set a pattern for future self-circulating investments.

The fund took advantage of the chance for central-local cooperation in the digital economy and this investment not only gave better results but also helped bring in economic base projects and helped Chengdu’s digital economy grow.

The fund also set up assistance for the digital economy industry, which helps build Chengdu into a smart city and makes it easier to bring more digital transformation resources to the city.

The fund focuses on key economic ecosystems, especially in areas like carbon neutrality, where it can make a big difference. It uses the province’s resources, like lithium mines and hydropower, to set up business chains that are green and low in carbon. Its main goal is to build production and research and development bases for Southwest power batteries and serve as a model for regional cooperation.

The fund works with banking institutions to invest in projects like the Chengdu Intelligent Computing Centre. It uses an east-to-west growth plan to spread the overall development of artificial intelligence (AI) in the Chengdu-Chongqing economic circle.

The main idea behind the fund is to lead chain masters and bring together chain owners. It focuses on building industrial ecology circles and strengthening key industry chains. It also encourages integration and co-development between groups upstream and downstream and between the left and right banks.

Also, the fund tackles shortcomings in the power battery manufacturing line and establishes a strategic layout for the new energy industry system by engaging with upstream and downstream firms in the project’s industrial chain. This display of “industry + park + fund” ecological collaboration is a key component of their efforts.

To attract money, the Chengdu Heavy Industry Fund takes a holistic approach, with a particular emphasis on digital technologies. By bringing together “chain owners + leading talents + industrial funds + intermediaries + public platforms,” the fund builds an industrial ecosystem that acts as a map for potential investors.

Sub-funds are formed through collaborations with financial institutions, large-scale investment groups, industry guidance funds, and well-known industrial businesses, boosting investment collaboration. Collaborations leveraging diverse resources such as state ministries, central enterprises, and others, is one successful example.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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