It was recently learned from Nanning Finance Bureau that since this year, Nanning had taken various measures to raise funds, increase financial support for industry, and promote the high-quality development of Nanning's industry. According to statistics, the budget for modern industry development in 2019 is 1 billion yuan, an increase of 200 million yuan over 2018, a year-on-year growth of 25%.
Additionally, Nanning Finance Bureau had also actively promoted the operation of Nanning Industrial Development Fund, and guided the investment of financial institutions and social capital toward industry. By the end of March 2019, Nanning Industrial Development Fund had set up three sub-funds, namely, Nanning Mingjiang Intelligent Manufacturing Industry Investment Fund, Nanning Huasheng New Material Industry Investment Fund, and Nanning Minsheng Electronic Information Industry Investment Fund. The actual contribution of capital by parent fund was 365 million yuan, and 2.069 billion yuan of investment was made by financial institutions and social capital with leveraged magnification reaching nearly six times. The money was invested in intelligence manufacturing, new materials, electronic information and other key industries.