Core Insights - The total management scale of the mother fund industry in China reached 1110.5 billion RMB, with investments covering future industries, high-end equipment manufacturing, and new materials [1][2]. Group 1: Shanghai Initiatives - Shanghai Guotou invested in 10 General Partners (GPs) to support the biopharmaceutical industry, with a total fund size of 225 billion RMB established for 2024 [4][5]. - The Shanghai Dalinghao Bay New Quality Leading Fund aims to enhance financial support for the innovation industry, focusing on aerospace, biomedicine, and advanced energy equipment [6][7]. - The Shanghai Future Industry Fund, with a total scale of 150 billion RMB, is designed to act as a counter-cyclical patient capital [4][5]. Group 2: Sichuan Developments - The Sichuan Provincial Achievement Transformation Investment Guidance Fund is seeking GPs to establish a third batch of sub-funds, with a total scale of 50 billion RMB [8][9]. - The fund focuses on early-stage technology and future industries, with at least 70% of its capital allocated to sub-funds [9][10]. Group 3: Other Regional Funds - The Central Plains Science and Technology City Seed Fund in Henan is a policy-oriented fund aimed at supporting technology transfer and innovation [11][12]. - Jiangsu's Xuzhou New Emerging Industry and Intelligent Manufacturing Special Mother Fund has a scale of 30 billion RMB, focusing on strategic emerging industries [14][15]. - The Hunan Jin Furong Industry Guidance Fund is set to establish an artificial intelligence sub-fund to support local industry clusters [16][17]. Group 4: New Fund Establishments - The Suzhou New Creation Future Equity Investment Fund was established with a capital of 171.5 billion RMB, focusing on equity and venture investments [21]. - The Chengdu Future Industry Venture Capital Guidance Fund has completed its registration with a scale of 44 billion RMB, expected to expand to 69 billion RMB [22]. - The Hubei Jiangcheng Huafa Industry Investment Fund has a total scale of 100 billion RMB, focusing on hard technology sectors [23][24]. Group 5: National Initiatives - The National New Venture Capital Fund is publicly selecting sub-fund management institutions to enhance innovation capital input [31][32].