The Finance Committee Office of the Shanghai Municipal Committee of the Communist Party of China, the Shanghai Development and Reform Commission and other departments issued “Certain Measures to Further Strengthen Technology Finance Services by Fully Utilizing Direct Financing Functions in Shanghai”, which proposed strengthening the leading function of state-owned capital. Accelerate the establishment of the Shanghai Social Security Science and Technology Innovation Fund, select professional market-based investment institutions to set up special sub-funds, and create a “weather vane” for leading investment pricing. Support early-stage investment institutions and teams with strong ability to accurately identify leading investment pricing, such as the Yangtze River Delta Venture Capital Guidance Fund and the Future Industry Fund, and support the selection of sub-funds. The Shanghai Equity Investment Cluster strengthens comprehensive services to attract high-quality early-stage investment institutions and teams to develop and gather in Shanghai. Early investment institutions are encouraged to cooperate and connect with the Shanghai Proof of Concept Platform, etc., to guide capital investment to key stages such as “pilot testing - industrialization”, and provide sufficient financial support for technology enterprises to achieve leapfrog development.

The Finance Committee Office of the Shanghai Municipal Committee of the Communist Party of China, the Shanghai Development and Reform Commission and other departments issued “Certain Measures to Further Strengthen Technology Finance Services by Fully Utilizing Direct Financing Functions in Shanghai”, which proposed strengthening the leading function of state-owned capital. Accelerate the establishment of the Shanghai Social Security Science and Technology Innovation Fund, select professional market-based investment institutions to set up special sub-funds, and create a “weather vane” for leading investment pricing. Support early-stage investment institutions and teams with strong ability to accurately identify leading investment pricing, such as the Yangtze River Delta Venture Capital Guidance Fund and the Future Industry Fund, and support the selection of sub-funds. The Shanghai Equity Investment Cluster strengthens comprehensive services to attract high-quality early-stage investment institutions and teams to develop and gather in Shanghai. Early investment institutions are encouraged to cooperate and connect with the Shanghai Proof of Concept Platform, etc., to guide capital investment to key stages such as “pilot testing - industrialization”, and provide sufficient financial support for technology enterprises to achieve leapfrog development.