State-owned enterprises' venture capital fund total size approaching one trillion, state-owned capital fund accelerates layout in the new industry battlefield.

The data shows that by 2025, central enterprises will complete 2.5 trillion yuan in investments in strategic emerging industries, accounting for 41.8% of total investment; the total size of central enterprises' venture capital funds is nearly one trillion yuan. It is reported that the State-owned Assets Supervision and Administration Commission will establish a fund for mergers and acquisitions in emerging industries. Industry insiders believe that from the central government to local government, the coordination of state-owned funds is strengthening, and a national team of "patient capital" focusing on strategic emerging industries and key core technologies is rapidly taking shape.