CHONGQING (CQNEWS) -- National Development and Reform Commission, the Ministry of Finance and Chongqing Municipal People's Government co-established Chongqing Yuanji New Energy Venture Capital Fund on April 15, 2011, to provide support for new energy industry in Chongqing.
At present, the total subscribed capital contribution of the Fund is 250 million yuan. The first phase paid-in capital of 100 million yuan will be used for clean energy technology and equipment like wind power, photovoltaic power generation, hydro-power, etc. It's said that the Fund would mainly invest in the growing scientific and technological and innovative SMEs and provide overall support for these enterprises, which may boost the development of energy saving and emission reduction, low-carbon and new energy industries in Chongqing. (Translated by Wei Longfeng, Fathom Language Limited)
