Venture(US:VEMLY) Jin Tou Wang·2026-01-07 02:24Group 1 - The National Venture Capital Guiding Fund officially commenced operations on December 26, 2025, marking a significant step in the implementation of technology finance policies [1] - The fund aims to support technological innovation and the cultivation of new productive forces through a market-oriented mechanism, with a total initial investment of 100 billion yuan from the national treasury [1] - The fund's structure includes a three-tier system of guiding fund companies, regional funds, and sub-funds, targeting a total funding scale of over one trillion yuan [1] Group 2 - The fund emphasizes early-stage, small, long-term investments in hard technology, with at least 70% of investments directed towards seed and startup companies [2] - The fund has a 20-year lifespan, with 10 years allocated for investment and another 10 years for exit, aligning with the growth patterns of long-cycle sectors like integrated circuits and artificial intelligence [2] - Regional funds are managed by professional institutions, focusing on strategic emerging industries such as aerospace, biomanufacturing, and future energy [2] Group 3 - The People's Bank of China announced a moderately loose monetary policy for 2025, aiming to promote stable economic growth and reasonable price recovery while maintaining adequate liquidity [3] - This monetary policy is designed to create a favorable financial environment for technological innovation, complementing the venture capital guiding fund to form a supportive system [3] - The industry association plans to continuously monitor the operation and investment effects of the venture capital guiding fund, guiding members to adapt to the monetary policy environment and focus on supporting the real economy and technological innovation [3]