(Yicai Global) Dec. 13 -- Zhuhai Huajin Capital Co. [SHE:000532] plans to invest CNY890 million (USD135 million) via wholly-owned subsidiary to build a startup incubator and entrepreneurship center in Guangdong province to pump up the new-energy and high-end manufacturing sectors, among others.

The firm will begin construction in the second half of 2018 and hopes to complete the project in the second half of 2020, it said in a statement yesterday evening. The incubator will enter full operation in 2021.

China has made a push to improve high-end manufacturing this year under its Made in China 2025 strategy, which his akin to Germany's Industry 4.0. Under the initiative, the country hopes manufacturing will become more efficient, innovation-driven and environmentally friendly.

Located about 1.2 kilometers from Zhuhai North Railway Station, the center will cover 10 square kilometers and have a total construction area of 10.51 million square meters. The planned area will be able to accommodate 100,000 people and the firm hopes to build multi-story office buildings and auditoriums in future.

The center will include an industrial research and development office area and a garden-style office area, both covering about 30,000 square meters. It will also boast apartments for talent and commercial facilities, totaling 15,000 square meters, the statement said. Its core sectors include high-end manufacturing, new-energy and materials, healthcare and medicine.