Dec.2 (China Daily) -- On Nov 28, the opening ceremony of the Beijing key industries intellectual property operations fund was held in the Beijing Economic Development Area. Guests from Beijing Intellectual Property, the Beijing Economic Development Area, the Beijing Municipal Finance Bureau, E-Town Capital, and the fund management company, Yitanghuarui, were in attendance.

Li Hong, the director of Beijing Economic Development Area Intellectual Property, Sheng Licheng, the deputy director of the Beijing Economic Development management committee, Wang Shuxian, the inspector of Beijing Intellectual property, Qi Yupu from the Beijing Municipal Finance Bureau and Li Chunling from Beijing Intellectual property.

After the opening ceremony, Wang Jia, the fund's manager from Yitanghuarui, introduced the 2016 projects, and the fund's basic structure, operations approach, and upcoming projects.

Beijing key industries intellectual property was funded by the Ministry of Finance and the Beijing Municipal Finance Bureau with 60 million RMB. E-Town Capital has invested on behalf of investors to a total of one billion RMB to focus on intellectual property intensive industries such as electronics, biomedicines and the mobile internet area.