[Cathay Haitong: Plans to jointly invest with other parties to establish a 20 billion yuan Shanghai Pilot Science and Technology Innovation Fund] On October 28, Cathay Haitong (601211.SH) announced that the company’s wholly-owned subsidiary Cathay Haitong Kaiyuan plans to cooperate with International The group's asset management company and other parties jointly invested in the establishment of the Shanghai Pilot Science and Technology Innovation Fund, with a total subscription of 20 billion yuan. Among them, China Taihaitong Kaiyuan subscribed for 4 billion yuan and served as the fund manager, and the International Group Asset Management Company subscribed for 2 billion yuan. The partnership only invests in lower-level funds that have been reviewed and approved by the partners’ meeting. The investment direction of the lower-level funds is the new generation of information technology, high-end equipment, new materials, biomedicine, artificial intelligence, digital economy and other key industries that are in line with national strategic guidance and relevant policy requirements.