Chongqing – Youyang, the home of the tea oil in Chongqing, will receive green funds from a private equity fund company to promote local sustainable development.

CUFE Rising Capital Management Co., Ltd, and Chongqing Youyang County Huayu Industrial Group Co., Ltd., signed an agreement for a green development equity investment fund on April 28. The equity company plans to invest between 200 million and 300 million yuan (approximately 27 -41 million USD) in Chongqing's green economic projects in the future.

CUFE Rising Capital Management is a private equity capital company that claims to provide equity capital to companies and projects that support environmental sustainability and contribute to China's transition to a low-carbon economy in line with the country's dual carbon goals.

Ten key projects were signed, totaling a nine billion yuan investment, on April 28 in Chongqing, including the Youyang green development project. (Photo/Chongqing Municipal Commission of Economy and Information Technology)

Located in southeastern Chongqing, Youyang Tujia and Miao Autonomous County is home to China's largest tea oil base, covering approximately 200 square kilometers, which makes it an ideal experimental site for green projects. Tea oil residue can often be reused to make fertilizers that can, in turn, nourish the tea plants. Cheng Xuebing, Senior Vice President of CUFE Rising Capital Management, stated that converting tea oil residue into green organic fertilizers and establishing a closed-loop system will necessitate bold and visionary plans to integrate the future development of the tea oil sector with the region's economic growth.

The fund equity model improves investment by providing long-term capital to high-growth sectors, particularly in green development and high-tech industries. This approach attracts both domestic and international investors, offering them ownership stakes in local companies and fostering sustainable growth. 

Chongqing Youyang Taohuayuan Scenic Area. (Photo/Chongqing Municipal Commission of Culture and Tourism Development)

Through the event, Cheng also said that their advisory agency is in discussions with other districts in Chongqing, focusing on the manufacturing industry, which has been the primary focus of equity investment in the city. 

Currently, the top five industries attracting investment in Chongqing are computer applications, machinery manufacturing, biotechnology and medical health, semiconductors and electronic equipment, and the automobile industry, which together account for 70% of the city's investment activity.