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A fund with paid-in capital of 10 billion yuan ($1.54 billion) settles in the Nanhu Fund Town, Jiaxing. [Photo/cnjxol.com]

The Nanhu Fund Town in Jiaxing, East China's Zhejiang province, attracted another fund with paid-in capital of 10 billion yuan ($1.54 billion), the first fund of this amount to be given to the town this year, local media reported on Feb 19.

The Nanhu Fund Town is home to 24 funds, each with more than 10 billion yuan in total management capital.

As of the end of January this year, the town was home to more than 8,000 fund companies with over 520 billion yuan in paid-in-funds and nearly 5.9 billion yuan in tax revenue.

It is the fund town's efficient and high-quality services that have attracted so many funds.

Before entering the town, fund managers can register there in as few as three days thanks to a green channel. After registering, they can receive information on the latest policies, industry news, and high-quality projects in need of financing from the town's official WeChat account.

The Nanhu Fund Town is also organizing a large number of online and offline activities for investors and project holders.

Moreover, at the beginning of 2021, Jiaxing rolled out its first talent attraction policy exclusively for high-caliber financial professionals to increase the attractiveness of the fund town.