Luxin Venture Capital Group (600783.SH) announced that the company plans to establish the Luxin Ji Gang New Industry Venture Capital Fund Limited Partnership (Limited Partnership) as the main sponsor, jointly with its wholly-owned subsidiary Shandong Province High-tech Technology Venture Investment Co., Ltd. ('Shandong Gaoxin Investment'), its holding company Tibet Hongxin Entrepreneurial Investment Management Co., Ltd. ('Tibet Hongxin'), and other investors. The total size of the fund is 500 million yuan, of which the company invests 175 million yuan, accounting for 35%, and Shandong Gaoxin Investment invests 10 million yuan.

The announcement shows that the investment direction of Luxin Ji Gang Fund includes fields such as aerospace information, high-end equipment manufacturing, new generation information technology, advanced materials, and new energy. The investment area is based in Jinan and faces the whole country.