Recently, the Finance-Nuclear Industry Development Funds was officially inaugurated in Haiyan County (Zhejiang Province) with several framework agreements signed between Haiyan and Hynergy Industrial Funds Management Co.,Ltd (a subsidiary of China Nuclear E&C Group-CNEC). It is the first Private Equity Funds dedicated to the nuclear industry supply chain.
This Fund, licensed on June 2017, plans to raise 5 billion RMB (760 Million USD) but in the initial phase it will have 1 billion RMB (151 Million USD) invested by CNEC, China Aerospace Science and Technology Corporation（CASC）, China Development Bank (CDB), Agricultural Bank of China and the Haiyan China Nuclear Town Investment and Development Company.
Currently there are more than 70 members in Haiyan Nuclear-related Industry Alliance with the total annual production value of 24 billion RMB (3.65 Billion USD). Most of the members are located in Haiyan County. Obviously it has become a powerful “Dynamo” in the regional development of China nuclear power town.
