万亿“航母级”国家创业投资引导基金出资了
FOFWEEKLY·2025-12-23 04:20

Core Insights - The establishment of three regional sub-funds under the "aircraft carrier-level" National Venture Capital Guidance Fund marks a significant step in the strategic deployment of national funds announced in March during the National People's Congress [4][5] - The National Venture Capital Guidance Fund focuses on cutting-edge fields such as artificial intelligence, quantum technology, and hydrogen energy storage, aiming to support innovative technology and strategic emerging industries [5] Group 1: Fund Establishment - Three regional sub-funds have been registered in Beijing, Shanghai, and Shenzhen, namely the Beijing-Tianjin-Hebei Venture Capital Guidance Fund, the Yangtze River Delta Venture Capital Guidance Fund, and the Guangdong-Hong Kong-Macao Greater Bay Area Venture Capital Guidance Fund [4] - The Yangtze River Delta fund has backing from the National Development Investment Corporation and various local government funds, while the Greater Bay Area fund is primarily supported by the Guangdong provincial fund and local government funds [4] Group 2: Market Impact - The registration of these sub-funds is expected to bring positive momentum to the primary market, which has shown signs of improvement despite ongoing challenges due to a scarcity of market-driven capital [6] - The establishment of the national-level fund is anticipated to accelerate capital inflow into the primary market, positively influencing the fundraising environment in the coming year [6] - Market experts predict that the upcoming year will see increased activity from state-backed funds, potentially addressing 20-30% of funding needs in the primary market [6]