From January 15 to 18, the 2019 (8th) Capital Annual Meeting of Financing China, sponsored by Financing China and China Investment Forum, was held in Beijing. More than 5,000 people from governments, financial institutions, investment institutions, wealth management institutions, listed companies, large-scale enterprises and risk investment enterprises attended the event to explore and discuss the ecology of the equity investment industry from the perspective of the whole industrial chain. At the event, the list of Top 10 Equity Investment Funds in 2018 was released. CR Power Runchuang New Energy Fund was selected into "Top 10 Cases of Financing China for Best Private Equity Investment 2018" for its investment in the Biomass Cogeneration Project of Rizhao City.
From the perspective of research, the selection of Financing China cases, which lasted over 1,800 hours, aims at providing a comprehensive, objective, impartial and authoritative list based on the assessment results from the perspective of media and data review. Top figures, institutions and enterprises of the year in China were selected out according to seven major dimensions, namely, comprehensive strength, fund raising ability, fund management ability, investment ability, withdrawal status, integrity and media perspective.
CR Power Runchuang New Energy Fund was established in February 2018. In May of that year, relying on Runchuang New Energy Fund Platform, it invested in the 2×30MW Biomass Cogeneration Project of Rizhao City. At the same time, CR Power East China undertook the development and construction work and realized innovation of investment platform, cooperation project and new business model, marking CR Power's entry into the biomass power generation field. In less than a year since its establishment, Runchuang New Energy Fund has followed up 168 projects and invested in 15 projects by making a quick investment layout. Among them, the cooperative wind power project has reached 900MW, a new 30MW biomass project has been started, a new 15MW biomass project and a domestic waste incineration power generation project with a daily processing capacity of 800 tons have been approved. Meanwhile, with a batch of waste power generation and biomass cogeneration projects reserved, it has gradually grown into a new industrial fund featuring "high screening rate, fast investment and fast construction".