Anhui's first government guidance fund settled in the financial town of Binhu, and will use the blockchain and other technologies to develop financial technology.

According to the Anhui Daily News, on March 29, the business license of “Anhui Science and Technology Achievements Conversion and Guidance Fund Co., Ltd.” was submitted to the staff of Anhui State-owned Capital Operation Holding Group. This marks the first government guidance fund in Anhui Province – the "Anhui Science and Technology Achievements Transformation Guidance Fund" with a registered capital of 2 billion yuan officially settled in the financial town of Binhu. It is reported that relying on the Hefei Comprehensive National Science Center and the construction of Binhu Science City, Binhu Financial Town will bring together new technologies such as cloud computing and blockchain to carry out financial technology research and development and activate regional “innovation” elements.