Today, Chengdu announced a 100-billion-yuan fund.
Today (July 24), Chengdu officially launched its first future industries fund, with an initial scale of 112 billion yuan and a long - term scale of 260 billion yuan. The fund focuses on ten future industries, including humanoid robots, flying cars, commercial space, next - generation mobile communication, brain - computer interfaces, swarm intelligence, quantum technology, cell and gene therapy, advanced nuclear energy, and cutting - edge new materials.
Behind this substantial investment is a crucial move in Chengdu's future industries development strategy, marking the full - scale launch of the 2.0 era of Chengdu's government investment funds.
Chengdu's Future Industries Fund Unveiled
Total Scale Exceeds 100 Billion
The event witnessed the significant launch of a future industries fund with a total scale exceeding 100 billion yuan. Undoubtedly, this is a key "piece" in Chengdu's future industries development game.
The fund relies on the positioning of "industrial funds" of Chengdu Industrial Investment Group and "functional funds" of Jiaozijin Financial Holding Group, and is managed by Chengdu Science and Technology Innovation Investment Group and Chengdu Financial Holding Industry Guidance Fund Company. It is reported that in recent years, Chengdu Industrial Investment Group has established a full - lifecycle fund investment system covering "angel + science and technology innovation + industrial investment + mergers and acquisitions + S", with a total scale exceeding 170 billion yuan, a managed fund scale exceeding 80 billion yuan, and has invested in more than a thousand science and technology innovation enterprises and industrialization projects. The establishment of this future industries fund will further strengthen the fund's function of investing in early - stage, small - scale, new, and high - tech projects.
Next, the future industries fund will focus on the "9 + 9+10" modern industrial system, with a key layout in future industries such as humanoid robots, flying cars, intelligent perception, and next - generation mobile communication.
On - site today, multiple investment sub - funds and projects were signed, with a signing amount of approximately 4 billion yuan, and the overall intended signing amount was about 80 billion yuan. In addition, Ceyuan Capital of Chengdu High - tech Zone, together with well - known investment institutions such as Hillhouse Capital and the Chengdu Institute of Peking University, jointly signed the "Proposal to Invest in the Future in Chengdu".
Focusing on the 10 future industries incubation and acceleration parks in Chengdu, the park policy packages of "one characteristic park, one policy package" were unveiled. They presented a panoramic view of Chengdu's "9 + 9+10" modern industrial system and the high - quality environment for forward - looking cultivation of future industries, providing one - stop investment guidance for investment institutions. Focusing on future industries, the "Double Hundred" list of 100 scenarios and 100 products is also on the horizon.
Future industries are tomorrow's strategic emerging industries and the day - after - tomorrow's pillar industries. Chengdu has taken a big step. At this moment, the launch of a future industries fund with a scale of hundreds of billions clearly shows its determination to compete in emerging industries.
Investors Head to Chengdu
In the past, when people mentioned Chengdu, their first impression might mostly be the spicy and delicious hot pot, the cute giant pandas, and the bustling Chunxi Road. Located in the southwest, Chengdu has long been known as the "Land of Abundance" and is famous for its "livability". Few people know that there is another side to this city.
At the beginning of this year, the global popularity of the movie "Ne Zha" is still vivid in our memory. You may not know that the first producer of the film, Kekedou Animation, and the director, Jiaozi, have been based in Chengdu. More than a decade ago, after graduating from medical school, director Jiaozi founded Kekedou Animation in Chengdu High - tech Zone out of passion and painstakingly polished the "Ne Zha" series. In addition, Chengdu has also created phenomenon - level IPs such as "Honor of Kings" and high - quality IPs such as "Covering the Sky" and "One Hundred Thousand Bad Jokes".
Beyond the glory of animation and cultural tourism, Chengdu's "science and technology innovation business card" is becoming increasingly prominent. In summary, Chengdu has formed two trillion - level industrial clusters in electronic information and equipment manufacturing, and ten hundred - billion - level industrial clusters in integrated circuits, high - end software, rail transit, aerospace, biomedicine, etc., with 14,500 national high - tech enterprises. Here, 8 patent authorizations are generated every hour, 4 high - tech enterprises are born every day, and the operating income of high - tech industries exceeded 200 billion US dollars in 2024.
A world - class industrial map is gradually emerging - "Made in Chengdu" laptop computers account for a quarter of the global market, and high - end flexible screens account for half of the global market. In the past three years, Chengdu enterprises have refreshed the new record of China's ADC drug overseas licensing transactions three times... "Innovated in Chengdu" is gearing up.
Breaking the label of the "City of Leisure", Chengdu is becoming more and more "hard - core", and the low - altitude economy is one of the best examples. After years of layout, more than 500 low - altitude economy enterprises, such as Volansi, AVIC UAV, Tenduun Technology, and Zongheng Co., Ltd., have gathered here. At the same time, 8 low - altitude economy industrial funds, such as the Chengdu Low - Altitude Economy Industry Fund and the Sichuan Development Aerospace High - End Equipment Fund, have been established, with a target scale of over 10 billion yuan. In the low - altitude economy research report released by Renmin University of China this year, Chengdu's low - altitude industry ranked third in the country.
All these achievements are largely due to the venture capital. In recent years, government - guided funds have emerged across the country, and Chengdu has also accelerated its pace, with a series of industrial funds emerging. It is impressive that in April this year, Chengdu High - tech Zone launched an industrial fund with a scale of 300 billion yuan.
On that day, Ceyuan Capital of Chengdu High - tech Zone signed cooperation agreements on industrial funds with 11 institutions, including CICC Capital, CITIC Construction Investment Capital, ICBC Financial Asset Investment, CCB Financial Asset Investment, and Huan Investment Capital, with a signed fund scale exceeding 34 billion yuan. At that time, data showed that Chengdu High - tech Zone had contributed to the establishment of 154 funds, with a total scale exceeding 323.6 billion yuan, forming the largest industrial fund cluster in the industrial parks in the central and western regions.
With a series of intensive fund layouts, Chengdu has attracted a large number of VC/PEs. Orient Fortune Capital established a national SME development fund in Chengdu High - tech Zone in 2022, with a scale of 5 billion yuan, mainly investing in SMEs in fields such as semiconductors, new energy, new materials, information technology, and healthcare. This is the first sub - fund of the national SME development fund in Sichuan Province.
"We are very optimistic about Chengdu. We have relocated a fund management company to Chengdu," said Li Zhu, the founding partner of Inno Angel Fund. He also said that they will cooperate with Chengdu's future industries fund to discover more high - quality projects and help Chengdu build a world - class future industries cluster.
Zhao Yang, the managing partner of K2VC, also said that both fund managers and invested enterprises have deeply felt Chengdu's respect and emphasis on scientific and technological innovation during the communication with Chengdu's government departments at all levels. "No matter how big or small the daily affairs are, we will receive quick and efficient feedback in the first place, allowing us to focus on our business without distractions."
Looking around, Chengdu has always been pursued by young people tired of high - pressure life. Zhang Wei, the founding partner of Cornerstone Capital, believes that Chengdu is a city where people can live and work happily, which is very attractive to young people. The future industries fund is to invest in the future. Investing in the future means investing in young people, and young people have chosen Chengdu. They want to go to a place where they can create the future.
This article is from the WeChat public account "Decoding LP", author: Zhou Jiali, published by 36Kr with authorization.