The Watch Officetel: Lover Friend OnlineChina Integrated Circuit Industry Investment Fund Phase III Co., Ltd. (referred to as the Phase III Fund) was registered on May 24, with a capital of RMB 344 billion ($47.5 billion), according to the National Enterprise Credit Information Publicity. The China Integrated Circuit Industry Investment Fund, commonly known as the “Big Fund,” was established in 2014 to support the development of China’s semiconductor industry. The new company’s business includes managing private equity funds, venture capital funds, equity investments, investment management, asset management, and business management consulting. Shareholder information reveals that the Phase III Fund is jointly held by 19 shareholders, including the Ministry of Finance (17.4419%), China Development Bank Capital (10.4651%), Shanghai Guosheng Group (8.7209%), China Construction Bank Corporation (6.25%), Bank of China Limited (6.25%), Industrial and Commercial Bank of China Limited (6.25%), Agricultural Bank of China Limited (6.25%), and Bank of Communications Limited (5.8140%). [Icsmart, in Chinese]
