On 6 March 2025, Zheng Shanjie, Chairman of the China’s top economic planner, the NDRC, announced that they plan to set up a new USD1.5 trillion fund aimed at supporting technology start-ups in the country.
This fund is being called the “National Venture Guidance Fund” and being touted as a public-private partnership investment vehicle. It is intended that it will focus on start-ups involved in industries such as semiconductors, AI, quantum computing and renewable energies. Funding will be available from the fund at the seed stage through to later stages.
According to an article from CGTN, Zheng stated that “ … a market approach will be adopted to invest in start-ups and early-stage enterprises, while also giving consideration to small, medium and micro-sized enterprises in their early to mid-growth stages, in order to support original and disruptive innovations, facilitate core technological breakthroughs, and foster the development of strategic emerging and future industries.”
This fund is being called the “National Venture Guidance Fund” and being touted as a public-private partnership investment vehicle. It is intended that it will focus on start-ups involved in industries such as semiconductors, AI, quantum computing and renewable energies. Funding will be available from the fund at the seed stage through to later stages.
According to an article from CGTN, Zheng stated that “ … a market approach will be adopted to invest in start-ups and early-stage enterprises, while also giving consideration to small, medium and micro-sized enterprises in their early to mid-growth stages, in order to support original and disruptive innovations, facilitate core technological breakthroughs, and foster the development of strategic emerging and future industries.”