On February 24, at the Shenyang SME Investment and Financing Promotion Conference and the Launching Ceremony of Shenyang SME Innovation and Development Fund, it was announced that Shenyang SME Innovation and Development Fund was established officially. The Fund is the first "local" fund for the innovation and development of small and medium-sized enterprises in Liaoning. The "Shenzihao" Fund, with a total scale of RMB 5 billion, will mainly serve SME projects in equipment manufacturing industry and supporting equipment, high-tech, key industrial clusters and other sectors, which will effectively alleviate the financing difficulties of small and medium-sized enterprises in Shenyang.

It is learned that the Shenyang SME Innovation and Development Fund for small and medium-sized enterprises was set up by diversified investment guided by government and the social capital. The government guide fund came from the fund of the Ministry of Finance for "mass entrepreneurship and innovation" demonstration cities, and the rest came from the social capital. Liaoning Hanhua Capital Management Co., Ltd. is the fund manager, and the total scale of the fund is up to RMB 5 billion.

In the future, the Fund will continue to actively strive for the support from the national SME development fund management department, and serve as a guide fund to attract private capital to set up industrial investment sub-fund, further magnifying the leverage effect. It can be said that the Fund will not only serve the excellent small and medium-sized enterprises of advanced equipment manufacturing industry and strategic emerging industry in Shenyang Economic Zone and central urban area of Liaoning, but also promote the transformation of industrial structure. Moreover, it will also set a benchmark of inclusive finance supporting the "mass entrepreneurship and innovation" of the old industrial base in Northeastern China, to enable more investors and talents to see the broad prospects and investment opportunities of Shenyang, and enhance the market confidence.

On the same day, more than 100 listed companies, excellent small and medium-sized enterprises, and leaders of key industrial parks in Shenyang participated in the opening ceremony of the fund. A person in charge of the industrial park said that he hoped to cooperate with Shenyang SME Innovation and Development Fund in the future to set up a sub-fund for the characteristic industries in the park, jointly support advanced manufacturing industries, and stimulate new momentum for economic transformation in Shenyang.

Liaoning Hanhua Capital Management Co., Ltd. is a subsidiary of Hanhua Financial Holding Co., Ltd. which is an inclusive finance group. In September 2015, Hanhua Financial Holding signed a strategic cooperation agreement with People's Government of Shenyang City to establish and improve the service system of inclusive finance in Shenyang through industrial innovation and financial innovation, so as to relieve the difficulties and high cost of financing for micro, small and medium-sized enterprises. With the establishment of Shenyang SME Innovation and Development Fund, there are 5 funds for cooperation between the parties, with a total amount of over RMB 6 billion.