By Gabby Chen

(JW Insights) Jun 7 -- China's Anhui Province has completed the registration of an RMB12.5 billion ($ 1.76 billion) fund focused on investments in the next-generation information technology sector, JW Insights learned.

Operating in collaboration with its subsidiary funds, the fund aims to attract investments and foster synergy among financial, innovation, industrial, and talent chains to drive high-quality regional development.

The fund is jointly established by Anhui Caijin Investment(安徽省财金投资) and Hefei High-Quality Development Guiding Fund(合肥高质量发展引导基金), both backed by the Anhui Provincial Department of Finance, as well as Changxin Xinju Equity Investment (长鑫芯聚股权投资), said the JW Insights report.