Shanghai Changning: Promote the establishment of "Shanghai Silicon Valley" state-owned fund and state-owned technology innovation bond issuance.

On January 14, it was learned from the ongoing 8th session of the 17th National People's Congress in Changning District, Shanghai that in 2026, Changning District will promote the construction of "Shanghai Silicon Valley" to enhance its momentum. Focusing on scientific and technological innovation, Changning District will establish a high-quality "Digital Silicon Valley" incubator to nurture and gather a group of high-quality innovative enterprises, enhance the regional innovation concentration and industrial density. Changning District will leverage the role of the Science and Technology Innovation Mother Fund at the municipal and district levels to promote the establishment of state-owned funds and the issuance of state-owned science and technology innovation bonds for the "Shanghai Silicon Valley", promote small and medium-sized science and technology enterprises to scale up and transform, accelerate the virtuous cycle of "technology - industry - finance", and support "hard technology" enterprises that break through key core technologies to go public on the science and technology innovation board.