What kind of company does Yancheng Oriental want to turn Ba Li into?

A venture capital platform company for semiconductor chips. According to the official announcement of Yancheng Oriental, as of June 12, 2023, Ba Li will be turned into a venture capital platform company for semiconductor chips, which is equivalent to a complete translation. Yancheng Oriental Investment Development Group Co., Ltd. was established in July 2003. It is a wholly state-owned company invested by Yancheng Economic and Technological Development Zone Management Committee.