Shanghai's three major leading industries announced the third batch of 17 sub-funds.

On January 26, the results of the selection of the third batch of sub-funds of the three major leading industries in Shanghai were officially announced. A total of 17 sub-funds were selected, including 4 in integrated circuits, 7 in biomedicine, and 6 in artificial intelligence. According to Securities Times reporters, the total size of this batch of sub-funds is 22.89 billion yuan, and the three major leading industries in Shanghai plan to invest 4.71 billion yuan, with a leverage ratio of 4.86 times. As of now, the three major leading industries in Shanghai have accumulated investment decisions of approximately 41 billion yuan, leveraging nearly 200 billion yuan of social capital with a leverage effect of about 5 times.