SIP witnessed a new milestone in green finance on Aug 27, when SIP-based Sungent Group and InnoVen Capital, Asia’s leading provider of venture debt for high growth, venture-backed technology companies, signed the agreement to establish an industrial fund to support ESG-oriented unicorn companies committed to green development.

InnoVen Capital has been a key player in Asia’s venture investment market, with a business network covering China, Singapore and India. And Sungent Group, one of the earliest and largest state-owned enterprises in SIP, has been expanding into new areas such as green development and digital economy in recent years.

The RMB 500 million new fund will be used to invest in ESG-oriented high-growth companies and high-quality projects in cutting-edge fields such as smart manufacturing, industrial machine tools, artificial intelligence and new energy. Investments will be made in diverse forms such as convertible bonds, equity and stock rights to bolster global expansion of such companies.

August 28, 2025