Group 1 - The first AIC mother fund in the country was launched in Shenzhen with a total scale of 7 billion yuan, aimed at investing in Shenzhen's strategic emerging industries [1] - The fund will operate through a mother-child fund structure, focusing on areas related to Shenzhen's "20+8" industrial clusters, including digital economy and high-end manufacturing [1] - Shenzhen has been active in establishing AIC funds, with four funds registered and a total scale of 5.16 billion yuan as of June [2] Group 2 - In June, two AIC funds were established in Shenzhen, each with a scale of 2 billion yuan, managed by Shenzhen Investment Control [2] - The expansion of the AIC equity investment pilot program to 18 cities has resulted in over 350 billion yuan in signed agreements [2] - Despite policy support for banks and insurance funds to enter the equity investment field, challenges remain, such as high risk weights for direct investments [3] Group 3 - The AIC fund's approach may favor mid-to-late stage growth projects to seek greater certainty due to the inherent risks of venture capital [3] - The use of a mother fund structure may leverage market-oriented professional GP capabilities to provide funding for technology innovation projects [3]