On December 26, the National Venture Capital Guidance Fund, which was jointly promoted by the National Development and Reform Commission and the Ministry of Finance, was officially launched and unveiled. The fund was formally established on July 21, 2025. At present, the first batch of staff is basically in place, and the conditions are ripe for carrying out investment business. The National Venture Capital Guidance Fund uses a three-tier structure of guidance fund companies, regional funds, and sub-funds. At present, all three regional funds have signed cooperation agreements, completed industrial and commercial registration, and formed the first batch of 49 signed funds.

On December 26, the National Venture Capital Guidance Fund, which was jointly promoted by the National Development and Reform Commission and the Ministry of Finance, was officially launched and unveiled. The fund was formally established on July 21, 2025. At present, the first batch of staff is basically in place, and the conditions are ripe for carrying out investment business. The National Venture Capital Guidance Fund uses a three-tier structure of guidance fund companies, regional funds, and sub-funds. At present, all three regional funds have signed cooperation agreements, completed industrial and commercial registration, and formed the first batch of 49 signed funds.