Qingdao Yongwan Hi-tech Venture Capital Fund, the first hi-tech VC fund in Qingdao, a coastal city of China's eastern Shandong Province, has been established with CNY 100 million in capital.
The VC fund was sponsored by and is under management of Qingdao Yongwan Asset Management Company (transliterated). Bank of Communications Qingdao branch is the custodian bank.
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