Core Viewpoint - Qingdao has officially released the "Action Plan for Leveraging Fund Leadership to Promote High-Quality Development (2025-2027)" at the 2025 Qingdao Venture Capital Conference, aiming to establish a scientific and efficient fund management system to support innovation and modern service industries [1][6]. Group 1: Fund System Development - The plan aims to create a trillion-level fund system by integrating government-guided funds, targeting a fund matrix of no less than 300 billion yuan [2]. - It emphasizes the role of state-owned enterprises in collaboration with government-guided funds to support technology-leading enterprises and project development [2]. - The initiative includes establishing specialized fiscal equity investment funds to enhance investment decision-making efficiency and encourage bold investments [2]. Group 2: Empowerment Actions - The plan outlines five major empowerment actions, including attracting long-term capital with a target of no less than 15 billion yuan over three years [3]. - It aims to establish a project database for equity investment and facilitate regular roadshow activities to discover quality projects, targeting an additional investment of no less than 10 billion yuan annually for Qingdao projects [3][4]. - The initiative also focuses on enhancing the private equity secondary market and improving exit channels for funds, promoting investment recycling [4]. Group 3: Development Goals - By 2027, the plan sets clear targets: the scale of government-guided funds in investment should reach 150 billion yuan, state-owned enterprise funds should exceed 100 billion yuan, and various venture capital institutions should invest over 100 billion yuan in Qingdao projects [5]. - The plan aims to match each industrial chain of the "10+1" innovative industrial system with a set of industrial funds to enhance support for technological innovation [5]. Group 4: Ecosystem Improvement - The action plan emphasizes the establishment of a comprehensive fund policy system to create a favorable environment for venture capital development, attracting more long-term and patient capital to Qingdao [6].