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E-mail China.org.cn, January 10, 2025
On December 30, the Shenzhen Luohu New Momentum Industrial Development Venture Capital Fund completed its business registration and capital contributions in Luohu District. This marks Shenzhen's first Financial Asset Investment Companies (AICs) equity investment fund since the pilot program for expanding AIC equity investments was initiated. It is a key milestone in Shenzhen’s efforts to implement national policies aimed at broadening the scope of AIC equity investment pilots.
A Breakthrough in Shenzhen’s AIC Equity Investment Initiatives
This fund is the first newly established partnership to complete business registration under the pilot program since September 2024, when Shenzhen municipal and district state-owned enterprises (SOEs) signed intent agreements with five leading AICs—namely, ICBC, ABC, CCB, BOC, and Bank of Communications. The launch signifies that Shenzhen's AIC equity investment funds was under operation.
The initiative traces back to September 26, when the National Financial Regulatory Administration issued two pivotal notices on expandingAIC equity investment pilots. In response, Shenzhen’s Municipal Financial Bureau quickly convened a roundtable in this regard. Luohu District seized the opportunity to leverage its industrial guidance fund to collaborate with Bank of Communications. By September 28, Luohu had secured Shenzhen’s first partnership agreement for a 10-billion-yuan AIC equity investment fund.
On October 15, Shenzhen Credit Guarantee Group, BOCOM Financial Asset Investment Co., and the Shenzhen branch of Bank of Communications formalized a strategic cooperation agreement for an AIC equity investment fund with an initial scale of 2 billion yuan.
A Model for “Finance-Industry-Technology” Integration
Supported by the Shenzhen Securities Regulatory Bureau and the Municipal Financial Bureau, along with the efforts of Luohu District authorities, the fund was established in just three months. It represents a successful collaboration between financial regulators, local governments, municipal SOEs, and financial institutions. This achievement aligns with national policies to foster a virtuous cycle connecting technology, industry, and finance.
Luohu District is spearheading efforts to construct a modern industrial system characterized by the dual engines of traditional competitive industries and emerging industries. The fund will focus on key strategic sectors, including artificial intelligence, low-altitude economy, high-end equipment, next-generation electronic information, green and low-carbon technologies, and new materials.
The fund’s strategy prioritizes early-stage, small-scale, long-term, and hard-tech investments. It aims to provide robust financial support for strategic emerging industries in Luohu District and across Shenzhen. This initiative will play a vital role in building the Greater Bay Area's modern industrial system while fostering an integrated ecosystem of government, industry, academia, research, and finance.
By aligning high-quality financial services with the needs of the real economy, this fund sets a benchmark for promoting high-quality industrial development in Shenzhen.
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