中国通号，大动作

Core Viewpoint - China Communications Signal Group has completed the registration of its private equity fund management company, signaling a strategic move into smart rail transit and low-altitude intelligent sectors [1][4]. Group 1: Company Overview - The fund management company, Tonghao Venture Capital Management (Beijing) Co., Ltd., was established on May 9, 2025, with a registered capital of 100 million yuan and paid-in capital of 50 million yuan [3]. - Tonghao Fund is wholly owned by Tonghao Group Capital Operation Co., Ltd., which is a subsidiary of China Communications Signal Group [4]. Group 2: Investment Strategy - The fund aims to establish multiple funds in collaboration with central enterprises, local resources, and financial institutions, focusing on smart rail transit, low-altitude intelligence, smart cities, and intelligent operations [1][5]. - The fund will manage the entire process of fundraising, investment, management, and exit, leveraging China Communications Signal's core technology in intelligent control [5]. Group 3: Leadership - The legal representative and general manager of Tonghao Fund is He Chuan, who has extensive experience in investment management and has held senior positions in various financial institutions [6]. - He Chuan has been involved in establishing multiple CVC technology innovation funds, focusing on sectors such as equipment manufacturing, intelligent transportation, TMT, and artificial intelligence [6].