According to the Tianyancha App, on July 21, the Qingdao Xinju Industrial Investment Fund partnership was established. The executive partner is Shanghai Xinyin Hayes Investment Management Co., Ltd., with an investment amount of 501 million yuan. The scope of business is to use private equity funds to engage in equity investment, investment management, and asset management activities. According to partner information, the fund was jointly funded by CNBC Financial Asset Investment Co., Ltd. and Shanghai Xinyin Hayes Investment Management Co., Ltd.

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