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Shenzhen: Strive to form a trillion-level government investment fund group

On October 24th, the Financial Office of the Shenzhen Municipal Party Committee issued a notice on publicly soliciting opinions on the "Shenzhen Action Plan for Promoting the High-Quality Development of Venture Capital (2024-2026) (public exposure draft) ". The opinions mentioned that by 2026, by 2026, the city will further strengthen the advantages of multi-level capital markets and venture capital, and basically build modern capital markets with high level of market economy, strong ability of opening up and innovation, and compatible with the development of the real economy. It will become an innovative capital gathering place and a high ground for patient capital and bold capital development in China. Better give play to the role of government investment funds, and strive to form a trillion-level government investment fund group, 100 billion-level "20 + 8" industrial fund group, 10 billion-level angel fund of funds and seed fund group; comprehensively stimulate the vitality of social capital, and strive to record more than 10,000 equity investment and venture capital funds.