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An investment institution in the Nanhu Fund Town is pictured. [Photo/cnjxol.com]

The Nanhu Fund Town in Jiaxing, East China's Zhejiang province, collected 684 million yuan ($107.75 million) in taxes in January this year, a year-on-year increase of 54.75 percent, local media reported.

As the first private equity fund town in the country, the Nanhu Fund Town had brought in 9,303 investment companies, had a paid-in capital of more than 609.6 billion yuan, collected more than 8.9 billion yuan in taxes, and invested 28.89 billion yuan in more than 500 listed companies as of the end of January this year.

"Nanhu Fund Town has seen robust growth in recent years," said Xie Fengying, vice-president of Nanhu Finance Co Ltd. "The town is not only home to first-class equity investment institutions, but has also attracted supporting service suppliers."

The town has set a new goal of becoming a driver of innovative development in Jiaxing.

Investors from the fund town have been seeking cooperation with innovation platforms in recent years to expand their investment fields to micro-electronics, auto, automation, and biological medicine.

The fund town has also provided professional services, including an online registration platform, and set up a professional service team consisting of 70 people in a bid to create a better business environment and attract more capital and high-profile talent.