A promotional conference for Nantong is held in Shanghai on March 5. [Photo/Nantong Daily]

Representatives of investment institutions in Nantong and Shanghai discussed the potential of the former and explored further exchanges between the two cities in Shanghai on March 5.

Nantong has in recent years pursued development by making the best of government investment funds. Nantong Kechuang Investment Group, established in 2021, has set up the Nantong Innovative Development Fund to develop a life-cycle support system for stock equity funds. To date, the fund has mobilized 8.98 billion yuan ($1.25 billion) in social capital.

Nantong officials introduced local policies related to funds at the activity and invited participants to pay attention to and invest in the city, which has cooperated with Shanghai investment institutions to set up funds.

Representatives of Oriza Seed, TDSH Capital, CMB International, and other investors all agreed that Nantong is a city worth investing in after cooperating with the city.

Oriza Seed, an early-stage investment management platform based in Suzhou, has invested in eight projects in Nantong in the fields of advanced technology, intelligent manufacturing, and new materials since founding a sub fund in the city in 2022.

Zhu Bin, partner of Oriza Seed, explained that many manufacturing enterprises around Nantong expressed a desire to build a presence in the city.

Yang Bo, executive director of equity investments at China Merchant Bank International Capital Management (Shenzhen) Co, believes that the investment environment in Nantong is very liberal and friendly, facilitating the adjustment of the industrial structure and economic development.