The first listed company development fund in Torch Zone, Zhongshan Union Optech AI Industrial Investment Fund, was established days before.

The 500mn-yuan fund will be raised in two stages. The first stage is worth 200mn yuan.

The fund, which is established by Union Optech and Guangdong Boyuan Assets company, will be mainly use to invest optical and AI industries and related projects and enterprises as well as industry extension and layout.

Reportedly, Guangdong Boyuan Assets, founded in 2009, is specialized in fund management, asset management and investment consultation. It has professional investment and management team and assets under management of 2bn yuan.