In a significant move to bolster industrial development in Xinjiang’s border regions, a 10-billion-yuan ($1.4 billion) industrial fund was officially launched in Beijing on Sunday. The initiative, unveiled during the Conference on Financial Support for High-Quality Industrial Development in Xinjiang’s Border Areas, aims to accelerate the modernization of industries in Tacheng prefecture, a strategically important area in northwest China. The Tacheng High-Quality Industrial Investment Fund, with an initial commitment of one billion yuan, is a collaborative effort between Beijing Hangke Junfu Private Fund Management Center (LLP) and New China Asset Management Co., Ltd. The fund will operate under a parent-subsidiary structure, with seven sub-funds designed to support enterprises at various stages of growth, from startups to established companies. This financial injection is expected to enhance Tacheng’s economic resilience, attract investment, and foster innovation in key sectors such as manufacturing, technology, and agriculture. The initiative underscores China’s broader strategy to promote balanced regional development and strengthen the economic foundations of its border areas.