投中网·2025-12-20 07:03Core Insights - Shenzhen has established a new fund, the Shenzhen Guochuang Yingke Innovation Investment Partnership, with a total scale of 18.901 billion yuan, primarily funded by state-owned enterprises [5][11]. - The fund's structure is entirely state-owned, which is rare for large-scale funds focusing on early-stage hard technology projects, reflecting Shenzhen's aggressive policy support for innovation [5][6]. - Recent policy initiatives in Shenzhen encourage state-owned funds to take risks and invest boldly in innovative projects, with specific measures to support investment failures without penalizing overall performance [5][6]. Fund Establishments - The Zhejiang Province Science and Technology New Industry Equity Investment Partnership has been established with a total investment of 10.103 billion yuan, focusing on private equity and venture capital [12]. - The Jiangsu Agricultural Modern Biotechnology Industry Investment Fund has been set up with a total scale of 1 billion yuan, targeting modern agriculture and biomedicine [14]. - The Chongqing Changyu Xinheng Private Equity Fund has been established with a scale of 1.002 billion yuan, focusing on the automotive industry and related investments [16]. Investment Dynamics - Qiji Investment has successfully completed the first closing of its second RMB fund, raising 900 million yuan, focusing on healthcare and life sciences [8][9]. - The Guangdong Yuecai Gongrong Artificial Intelligence and Robotics Industry Fund has been established with a total investment of 2 billion yuan, aiming to support the AI sector [18]. - The Hubei Provincial Aerospace Digital Industry Fund has been jointly established with a total scale of 1 billion yuan, focusing on hard technology and low-altitude industries [19]. New Fund Highlights - The Beijing Beigong Science and Technology Innovation Fund has been established with a scale of 300 million yuan, focusing on technology-driven industries [26]. - The Ningbo Saizhi Embodied Intelligence Fund has been set up with a first closing of 830 million yuan, targeting AI and embodied intelligence sectors [25]. - The Jiangsu Agricultural Modern Biotechnology Industry Investment Fund aims to enhance agricultural modernization and food security through investments in biotechnology [14]. GP Recruitment - The Hainan Aerospace Star Arrow Manufacturing Fund and the Hainan Aerospace High-Quality Development Industry Fund are seeking GP partners, with target scales of 3 billion yuan and 1 billion yuan respectively [35]. - The Beijing Chaoyang Aerospace Industry Sub-Fund is also recruiting GP partners, focusing on commercial aerospace and satellite technology [36].