Core Viewpoint - The article highlights the active role of Jiangsu's mother funds in the current market environment, with over 10 specialized mother funds recently announcing GP recruitment, indicating a robust investment landscape in the region [1][2]. Group 1: Jiangsu's Mother Fund Dynamics - Jiangsu's strategic emerging industry mother fund has launched multiple specialized mother funds, including those focused on artificial intelligence, low-altitude economy, new energy, biomedicine, and high-end equipment [2][3]. - The mother fund, established last year with a total scale of 500 billion yuan, aims to accelerate investment and has already signed contracts for 14 specialized funds totaling 506 billion yuan [5][6]. - The second batch of 22 specialized funds, signed in February, has a total scale of 408 billion yuan, further expanding the investment capacity in the region [6]. Group 2: Investment Incentives and Structures - New selection announcements for the mother fund include favorable return investment requirements, such as recognizing 80% of actual investment amounts for related funds and 150% for investments in national-level specialized small giant enterprises [3][4]. - The mother fund's structure is designed to create a collaborative investment environment, with three types of specialized funds that enhance provincial and municipal cooperation [7][10]. - The long duration of these funds, typically 10 to 12 years, aligns with the "patient capital" strategy of Jiangsu's mother fund, distinguishing it from other national guiding funds [10][11]. Group 3: Evolution of Fund Management - The article discusses the evolution of guiding funds in China, transitioning from a single fund approach to a cluster of guiding funds, exemplified by Jiangsu's model [11][12]. - The emergence of specialized fund clusters indicates a trend towards more focused and professional investment strategies, catering to specific sectors [13]. - By 2025, it is anticipated that regions establishing fund clusters will expand, with government guiding funds acting as catalysts for industry transformation and technological innovation [14].