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Bejing-Tianjin-Hebei 100 billion yuan development fund on way

Updated : 2016-08-09
( chinadaily.com.cn )

The Beijing-Tianjin-Hebei Development Zone Innovation Alliance, the Industrial and Commercial Bank of China and E-Town Capital are investing 100 billion yuan to establish a "Beijing-Tianjin-Hebei Development Zone Industrial Development Fund" to support infrastructure construction and industrial upgrading projects.

More than 500 enterprises from biomedicine, electronic information, equipment manufacturing, and telemedicine signed 13 agreements with the alliance.

The alliance, launched from ten state development zones, incorporates financing, enterprise brand building, and health services to shape an "Internet plus" service system promoting cooperation and development between enterprises from Beijing, Tianjin and Hebei.