Shanghai Future Industry Fund expands to 15 billion yuan, state-owned assets increase investment in the layout of future industry highland.

Shanghai continues to increase investment in future industries. According to the Shanghai Municipal Party Committee and Government's policy on strengthening financial support for early-stage innovative enterprises, and continuously deepening the guidance and requirements of "investing early, investing small, and investing in hard technology", today, Shanghai Guotou Company's Shanghai Future Industry Fund announced the completion of its expansion, with the scale increased from 10 billion to 15 billion yuan, and 8 billion yuan has been paid in. According to sources familiar with the matter, this expansion of Shanghai Future Industry Fund is also a response to the State Council's policy deployment of "expanding the scope of special bond investments", implementing relevant arrangements through Shanghai's special bond support for strategic emerging industries and government investment funds. For a fund that has been established for less than two years, being able to complete the expansion in a short period of time not only reflects the confidence of the capital market and the industry in Shanghai's technology investment environment, but also demonstrates the determination of state-owned assets to guide social capital to focus on "hard technology". This move also signifies that Shanghai is once again intensifying its efforts in promoting the industrialization of cutting-edge technology and supporting the development of future industries.