AstraZeneca and CICC Capital establish Global Healthcare Industry Fund
Release time:2019-11-07 Browse:

Yesterday, the 2nd China International Import Expo uploaded a heavy news: AstraZeneca and CICC Capital jointly established the Global Healthcare Industry Fund, which is AstraZeneca's first and largest global healthcare fund to date.


Wu Zhenglong, Governor of Jiangsu Province, met with Pascal Soriot, Executive Director and Chief Executive Officer of AstraZeneca, and attended the signing ceremony. Fan Jinlong, member of the Standing Committee of the CPC Jiangsu Provincial Committee and Executive Vice Governor of Jiangsu Province, Chen Jiangang, Secretary General of the Jiangsu Provincial Government, Huang Lan, Deputy Secretary General of the Jiangsu Provincial Government, Huang Qin, Mayor of Wuxi, Wang Jinjian, Deputy Mayor of Wuxi, Secretary of the Party Working Committee of Wuxi National High-tech Zone and Secretary of the CPC Xinwu District Committee, Zhang Mingkang, Secretary General of Wuxi Municipal Government, Leon Wang, Executive Vice-President, International of AstraZeneca, Ding Wei, Chairman of CICC Capital, and heads of the relevant provincial departments all witnessed the estalishement of the new fund.


Reportedly, AstraZeneca will play its resources and professional advantages in the medical and health industry. CICC Capital will leverage its professional advantages in fundraising and investment management to jointly build a healthcare industry fund and accelerate the integration of medical and health resources in Wuxi, especially in Wuxi International Life Science Innovation Park to achieve good economic benefits while achieving good social benefits. The fund will also invest in the healthcare industry outside Wuxi International Life Science Innovation Park, forming complementary advantages in and outside Wuxi. This healthcare industry fund is also the first practice of AstraZeneca's production and integration in China. In the future, the expected financing scale will reach US$1 billion.


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