The Haizhu Digital Economy Industrial Investment Summit was held on June 9 to promote the local digital economy.

The Haizhu Digital Economy Industrial Investment Summit is held on June 9. [Photo/WeChat account: gzhzfb]

The signing ceremony for the Pazhou Digital Economy Venture Capital Alliance was held at the summit. Several renowned enterprises participated in the ceremony and are now part of the alliance, including Yinfa Think Tank, Guangdong Technology Financial Group, Guangzhou Financial Holding Group, Guangzhou Industrial Investment Group, and Haizhu City Construction Development Group.

The signing ceremony of the Pazhou Digital Economy Venture Capital Alliance. [Photo/WeChat account: gzhzfb]

The members of the alliance will establish a cooperation mechanism for mutual information sharing. They are also set to implement an interoperability and investment linkage project, guide more high-quality projects, funds, talents and technical resources to gather in Haizhu, and promote the formation of a high-quality digital economy development demonstration zone in the Guangdong-Hong Kong-Macao Greater Bay Area. The new zone will use Pazhou as the core and the two sides of the Pearl River as a link.

Haizhu attaches great importance to industrial development, and will continue to focus on core industries such as integrated circuits, industrial Internet, and urban industry to create a digital economy highland.

Ge Qun, general manager of Guangzhou Industrial Investment Group, introduced the Guangzhou Industrial Investment Fund, which is worth 150 billion yuan ($21 billion) and the Guangzhou Innovation Investment Fund, worth 50 billion yuan, at the event. The group focuses on investing in important industrial fields such as semiconductors and integrated circuits, new energy, biomedicine and health, advanced manufacturing, and new generation information technology, with the aim of accelerating the development of Haizhu's cutting-edge technology sector.