Summary of Key Points Core Viewpoint The article discusses the recent developments in China's mother fund industry, highlighting the total management scale of 777 billion yuan and the geographical distribution of these funds across various provinces. The investments are primarily focused on sectors such as aerospace, biomedicine, and advanced manufacturing. Fund Manager Recruitment - Zhejiang province is recruiting general partners (GPs) for two mother funds with a scale of 101.03 billion yuan, focusing on strategic emerging industries [4][5] - Sichuan province is seeking GPs for a quantum technology sub-fund as part of its efforts to build a 100 billion yuan mother fund cluster [7] - Guangdong province's Maoming city is also looking for GPs for its industry guidance fund [8] - Henan province is initiating the recruitment of GPs for its state-owned enterprise reform mother fund with a scale of 50 billion yuan [9][10] - Other provinces like Anhui, Hebei, and Fujian are similarly recruiting GPs for various funds aimed at technology and innovation [11][12][13] Mother Fund Establishment - The Dehua 20 billion yuan industry guidance mother fund has been officially established, expanding its funding sources and optimizing investment layouts [13][14] - The Cheng Tong Science and Technology Jiangsu Fund was officially unveiled, focusing on strategic emerging industries [15][17] - A 10 billion yuan real estate mother fund is being established by Guolian Tongbao and Zhonglian Fund [19] Mother Fund Policies - Shandong province has released an action plan to promote high-quality development of venture capital, aiming for a 10% annual growth in investment by 2027 [20][22] - The government has introduced new regulations to guide the layout and investment direction of government investment funds [32] Other Developments - Hubei's Hongtai New Industry Fund has completed its registration, marking its official establishment with a scale of 10 billion yuan [34][35] - Shanghai's Pudong Leading Area Fund has increased its capital from 50 billion to 200 billion yuan, a 300% increase [36] - The Panzhihua Vanadium-Titanium Industry Development Fund has been established with a total scale of 50 billion yuan to support local industry development [39]