Shanghai's three major leading industry mother funds regularly select sub-funds

On March 4th, Shanghai Guotou Leading Company released the “Announcement on the Regular Selection of Sub-Fund Management Institutions for the Three Major Leading Industry Parent Funds in Shanghai.” According to the announcement, Shanghai Guotou Leading Company is publicly and regularly selecting sub-fund management institutions for the three major leading industry parent funds in Shanghai. Shanghai Guotou Leading Company manages the three major leading industry parent funds in Shanghai. The announcement reveals that the sub-funds intended for investment by the three major leading industry parent funds include newly established sub-funds and existing funds in which they participate through capital increases. The sub-funds to be invested should be equity direct-investment funds established or relocated within Shanghai. The sub-funds must be managed by professional institutions with market-oriented and specialized management, focusing on supporting the integrated circuit, biomedicine, and artificial intelligence industries. The announcement encourages cooperation with leading chain enterprises aligned with Shanghai’s key development directions for the three industries when establishing funds. (People’s Financial News)