The Hubei Social Security Science and Technology Innovation Fund officially signed a contract in Wuhan on the afternoon of the 25th. The Hubei Social Security Science and Technology Innovation Fund was jointly formed by the National Social Security Fund Council, Hubei Province, Wuhan City, and China Construction Bank, with an initial scale of 20 billion yuan. The fund is positioned as a market-based fund to implement the national strategy. It is the first social security science and technology innovation fund in central and western China. It will accurately focus on characteristic industries and advantageous enterprises such as optoelectronic information, automobile manufacturing, life and health, and high-end equipment in Hubei, serve the transformation and upgrading of traditional industries, cultivate and expand emerging industries, and “advance in three tiers” to create long-term capital and patient capital that balances policy goals and investment returns. It will contribute to Hubei's construction of a highland of scientific and technological innovation with national influence and accelerate the rise of the central region.

The Hubei Social Security Science and Technology Innovation Fund officially signed a contract in Wuhan on the afternoon of the 25th. The Hubei Social Security Science and Technology Innovation Fund was jointly formed by the National Social Security Fund Council, Hubei Province, Wuhan City, and China Construction Bank, with an initial scale of 20 billion yuan. The fund is positioned as a market-based fund to implement the national strategy. It is the first social security science and technology innovation fund in central and western China. It will accurately focus on characteristic industries and advantageous enterprises such as optoelectronic information, automobile manufacturing, life and health, and high-end equipment in Hubei, serve the transformation and upgrading of traditional industries, cultivate and expand emerging industries, and “advance in three tiers” to create long-term capital and patient capital that balances policy goals and investment returns. It will contribute to Hubei's construction of a highland of scientific and technological innovation with national influence and accelerate the rise of the central region.