Shanghai: Accelerate the establishment of a full-cycle fund matrix including entrepreneurship funds, leading industry mother funds, industrial transformation and upgrade funds, and social funds.

Tang Wenkan, director of the Shanghai Municipal Investment Promotion Office, stated at the Shanghai municipal press conference on February 28 that, based on the "Fifteenth Five-Year Plan," Shanghai will play a guiding role in coordination between the city and districts, compile version 3.0 of the industrial map, promote each district to focus on leading industries, and tailor make 25 billion-yuan-level sub-sector tracks according to local conditions. In terms of financing, efforts will be accelerated to build a full-cycle fund matrix including venture capital funds, leading industry mother funds, industrial transformation and upgrading funds, socialized funds, etc., forming a win-win ecosystem of "enterprises solving financing needs, and funds acquiring high-quality targets." In terms of scenarios, through benchmark applications such as open humanoid robots, autonomous driving, and low-altitude economy, the best testing ground for new technologies and products will be created.