State-owned enterprise venture capital funds total nearly 100 billion yuan; state-owned capital funds accelerate deployment in emerging industries

Data shows that by 2025, central enterprises will complete 2.5 trillion yuan in investments in strategic emerging industries, accounting for 41.8% of total investments; the total scale of central enterprise venture capital funds is nearly 100 billion yuan. It is reported that the State-owned Assets Supervision and Administration Commission (SASAC) will establish a merger and acquisition fund for emerging industries. Industry insiders believe that from the central to local government, the coordinated efforts of the state-owned capital fund matrix are forming a “patient capital” national team focused on strategic emerging industries and key core technologies. (China Securities Journal)