The Shenzhen state-owned assets fund system covers the entire lifecycle of enterprises, with over 90% of funds invested in the "20+8" industrial cluster.

Shenzhen has established a state-owned fund system covering the entire life cycle of enterprises, with over 500 funds invested in "20+8" strategic emerging industry clusters and future industrial funds accounting for over 90%, forming a state-owned venture capital system dominated by professional platforms, synergizing social capital, and policy-guided. This was learned by journalists from a recent special investigation conducted by the Standing Committee of the Municipal People's Congress. As a city of innovation, Shenzhen is also one of the birthplaces of the domestic venture capital industry with a strong foundation. As of last year, there were approximately 1,500 private equity and venture capital management institutions in the city, with a fund management scale of 1.4 trillion yuan, accounting for about one-tenth of the national total, and the integration of industry, academia, and research in the venture capital ecology is becoming increasingly mature. (Shenzhen Special Zone Daily)