The first phase of the Shenyang economic zone industry fund, with an amount of one billion yuan ($142 million) which was funded by Shenyang municipal government investment guidance fund, and another 1-billion-yuan fund for agriculture have both landed, local media reported on April 6.

Shenyang Hengxin Antai Equity Investment & Fund Management Co Ltd, which is a subsidiary of Shengjing Financial Holding Group, overcame problems created by the COVID-19 outbreak and completed the funding, filing and investment for the two special funds in a short time through working online.

Hengxin Antai is a company engaged in equity investment and fund management and registered by Asset Management Association of China and Liaoning Provincial Development and Reform Commission. It is also a wholly-owned subsidiary of Shengjing Financial Holding Group, an investment and operation platform for Shenyang's State capital.

The first one billion yuan of Shenyang economic zone's industry fund has been fully paid in place and the vote on the four projects to be invested has finished. With investment of 700 million yuan, the four projects focus on new energy, new materials, advanced manufacturing and artificial intelligence.

The first 300 million yuan of the agriculture New Hope fund has been paid in place and contributed to the invested enterprises. The other 700 million yuan will be paid in coming days and invested in Shenyang. New Hope Group, the major contributor, will take Shenyang as the first pilot city to promote the "industry-finance linkage" of its agricultural and animal husbandry industries. In the next five years, it will invest about 10 billion yuan in Shenyang to help the development of modern agriculture and related industries.