The Guangdong Provincial Department of Science & Technology and Chinese Academy of Sciences Holding Co., Ltd. (CASH)jointly established the cooperation framework of the CASFOF on December 18, 2020. The signing ceremony of the agreement was held in Guangzhou, Guangdong province.

　 　According to the cooperation framework agreement, the Partners will jointly build a master fund with a target scale of 6 billion yuan. This fund’s focusses on "Core technology" and "Green technology" projects of Guangdong Province and the Chinese Academy of Sciences (CAS). The CASFOF is an investment platform for transformation of scientific progress into technical marketable applications and coordinates the advantageous project resources of the Chinese Academy of Sciences. Investment targets are artificial intelligence, chips, biomedicine, new materials, new energy, intelligent manufacturing, new generation information technology. CASFOF is committed to creating a number of professional sub funds with distinctive characteristics in the field of Key & Core Technology on basis of the various research institutes of the Chinese Academy of Sciences.

　 　The Guangdong Provincial Department of Finance, Yueke Financial Group, Guangzhou Municipal Bureau of Science & Technology, Huangpu District government, Bureau of Science and Technology Promotion and Development, CAS, Bureau of Condition Guarantee and CAS Finance, and CAS Guangzhou Branch attended the signing ceremony.