Shanghai: Support the aggregation of industry venture capital funds, private equity secondary market funds, and merger and acquisition funds, and provide facilitation services for fund establishment.

The General Office of the People's Government of Shanghai Municipality has issued a notice on the implementation of "Several Opinions on Deepening the Construction of Shanghai Global Asset Management Center". The notice points out that it is necessary to promote asset management to empower technological innovation. It encourages asset management institutions to support the development of new productive forces, and to make good use of state-owned capital and government investment funds to play a leading role. It guides social security funds, insurance funds, financial asset investment companies and other long-term capital to participate in the full life cycle development of technology enterprises. Encouraging asset management institutions to increase investment in technological innovation around cutting-edge disruptive technology innovation and future industry nurturing. Supporting the aggregation of industrial venture capital funds, private equity secondary market funds, and merger and acquisition funds, providing facilitation services for fund establishment.