CMSC (06099) plans to contribute RMB1 billion to jointly establish a fund with China Merchants Expressway Network & Technology Holdings, China Merchants Advanced, and others, focusing on the artificial intelligence industry.

CMSC (06099) announced that on October 29, 2026, the board of directors approved the "Proposal on Joint Investment by a Wholly-owned Subsidiary and Related Parties and Related Party Transaction," pursuant to which China Merchants Zhiyuan Capital (a wholly-owned subsidiary of the company, acting as general partner and fund manager), China Merchants Expressway Network & Technology Holdings (as a limited partner), China Merchants Advanced (as a limited partner), and Guangming Kekaitou (as a limited partner) intend to enter into a partnership agreement to establish the fund. The fund has a total size of RMB5 billion, of which China Merchants Zhiyuan Capital intends to contribute RMB1 billion, China Merchants Expressway Network & Technology Holdings intends to contribute RMB1.25 billion, China Merchants Advanced intends to contribute RMB250 million, and Guangming Kekaitou intends to contribute RMB2.5 billion. It is reported that the fund will focus on investing in areas such as the computing power and power industry chains, the embodied intelligence industry chain, artificial intelligence (AI) edge applications (AI+finance, AI+transportation and logistics, etc.), industry vertical models, and AI agents. The announcement stated that establishing the fund will help implement the strategy of comprehensively promoting the development of the artificial intelligence industry, and by leveraging the policy and industrial advantages of Guangming District in Shenzhen, form a "industry + capital + region" synergy to promote industrial development in the artificial intelligence sector. The fund focuses on the artificial intelligence industry and has room for synergy with the group's investment banking, research, wealth management, and other businesses, which will help enhance the company's comprehensive financial services capabilities and have a positive impact on improving the company's long-term investment returns.