earlier this month, the ministry of science and technology, the all-china federation of industry and commerce, and the tianjin municipal people's government jointly sponsored the "2018 china enterprise international financing fair", which brought a financing of tianjin binhai new area enterprises and even large and medium-sized enterprises in the region around beijing, tianjin and hebei. vice secretary of tianjin municipal committee, mayor zhang guoqing, vice secretary of the cpc leading group of all-china federation of industry and commerce, full-time vice chairman fan youshan, and member of the cpc leading group of the ministry of science and technology made keynote speeches at the meeting. focusing on the opening up of new channels of low-cost financing, the symposium conducted in-depth discussions and cooperation on the implementation of industrial fund projects. at the fair, the appearance of china national construction industry fund has attracted great attention from entrepreneurs, scholars and government leaders. after the meeting, we also interviewed wang taoyu, president of china international union construction group, and asked him to give detailed answers about the policy and universality of china national construction industry fund.
mr. wang, thank you for your interview! in this symposium, the participating enterprises not only include local enterprises in binhai new area, but also enterprises in surrounding areas to seek financing opportunities. what do you think are the ways to solve the financing problems?
aaron wang: in the integration process of beijing-tianjin-hebei, tianjin binhai new area attracts many domestic well-known enterprises to settle here by virtue of its superior location and policy advantages, and at the same time becomes a representative demonstration area of beijing-tianjin-hebei integration. the rapid development of enterprises is bound to drive the transformation and upgrading of economic structure in the region. however, most enterprises are facing severe financing tests in the process of development. "high threshold, difficult financing, expensive financing" has become the most difficult problem facing enterprises. in order to ensure the security of capital chain, the stability of internal operation and improve the comprehensive competitiveness of the market, many enterprises began to seek new channels of low-cost financing. at this time, the emergence of industrial funds brings financing enterprises the opportunity to break the financing difficulties. the industrial fund itself is a catalyst to promote the development of investment and financing enterprises and even local governments.
i have noticed that the industrial fund project set up by china international union construction group has attracted much attention in this symposium. could you share with us how china international union construction group has made such achievements in the field of investment?
wang taoyu: china building industry fund is attracting the attention of financing enterprises, because as an investment as the core business of international joint venture joint-stock enterprises, international union construction group has been committed to longitudinal deepening investment network layout, provides the overall financial solutions for domestic companies, asset management in supply chain, the industrial fund, the international investment, equity investment, securities investment high-value, such as the financial sector. focusing on the current domestic industrial development needs, international union construction group actively introduced cross-border high-quality capital, adjusted and guided the reasonable flow of funds, and set up a total scale of 50 billion yuan industrial fund to meet the urgent financing needs of domestic enterprises.
can you give us a detailed introduction of the policy and universal performance of the national construction industry fund in what aspects?
aaron wang: under the guidance and support of relevant national policies, international union construction group has given full play to the universality of industrial funds and opened its application to domestic large, small and medium-sized enterprises and state-owned enterprises, so that more enterprises can enjoy the capital dividends brought by industrial funds. the high-tech industrial enterprises with high growth potential and good credit status shall be selected through open bidding and tendering and invested in financing enterprises in the form of creditor's rights. the problem of difficult and expensive financing for enterprises is fundamentally solved through low-cost financing. so far, the state construction industry fund has invested dozens of domestic large and medium-sized enterprises.