On February 14, Thousand-Lantern Lake Venture Capital Town Phase II officially kicked off. Developed space of the area will be expanded and facilities will be improved.

838 million yuan will be invested to build a 106,000-square-meter commercial-office complex that includes a 150-meter super high-rise building on the northwestern side of the core zone, sunken plazas and high streets. Terra cotta and glass will be used to cover the surface of the buildings to continue the architecture style of Lingnan’s school that the Phase I project followed. 

The construction of the town will enable it to be better integrated with city space and natural views. Separate paths will be provided for vehicles and pedestrians to bring convenience for both drivers and pedestrians.

Thousand-Lantern Lake Venture Capital Town situates at the central section of Guangdong Financial High-Tech zone. It is the only financial-specific town among the first batch of Guangdong Provincial Special Towns.

The town has now raised 150 billion yuan with more than 10 billion yuan invested to Foshan. National key industries, including information services, biomedicine, environmental protection, new material, semi-conductors etc., will be developed within the area. Through fund-to-fund investment industries, the town will attract more quality projects and forge strategic cooperation on a deeper level. 

An investment-coupling function mode that is government-guided, investors and banking organizations-participated will be built to continuously provide financing for enterprises.

Thousand-Lantern Lake Venture Capital Town Phase II is an important step the town takes to expand its funding industrial clustering. The town, aiming at building itself as “a trillion-funded town” will further streamline its local investment and financing environment, optimize the transformation and upgrade of advanced manufacturing industries with the help of the private capital through investing more money into the science and technology field.

The town will contribute to the modernization of Nanhai District with its strong financial momentum and become a demonstration model of financial services and real economy of the Greater Bay Area.