The National Venture Capital Guidance Fund officially launched, Ministry of Finance: Expected to leverage trillions in social capital, focusing on investing in startups
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The National Venture Capital Guidance Fund has officially launched, with the Ministry of Finance expecting to leverage trillions in social capital, focusing on investments in startups. The fund is established by three regional funds in the Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macao Greater Bay Area, concentrating on cutting-edge technology fields such as AI, biopharmaceuticals, quantum technology, and 6G, with a duration of 15 to 20 years. The fund adopts a three-tier structure, actively engaging with local governments, financial institutions, etc., to support startups in overcoming technological challenges
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