On September 28th, at the 2023 Pudong Investment Ecosystem Construction press conference held in Zhangjiang, it was revealed that by the end of 2025, the scale of various funds in the Pudong investment system will reach 400 billion RMB.

Wang Yong, the Party Sec. & Dir. of SASAC of Pudong New Area, explained that in the future, the focus will be on improving the layout in three aspects: "funding, space, and services." This will further invigorate Pudong's state-owned investment vitality and collaboratively create a vibrant investment ecosystem in Pudong with various social investments.

Wang Yong, the Party Sec. & Dir. of SASAC of Pudong New Area, explained that in the future, the focus will be on improving the layout in three aspects: "funding, space, and services." This will further invigorate Pudong's state-owned investment vitality and collaboratively create a vibrant investment ecosystem in Pudong with various social investments.

Firstly, the state-owned venture capital platform system will be improved. A new Pudong Investment Group will be established, focusing on early-stage, small-scale, and hard technology investments, synergizing with existing state-owned venture capital enterprises in the new area. At the same time, district-owned enterprises, especially listed companies, will be supported to increase industrial investment, strengthen industrial attributes, and accelerate their transformation into technology industry investment holding groups. Secondly, a state-owned venture capital fund matrix will be created. This year, the Pudong Angel Mother Fund was newly established with an initial scale of 2 billion RMB. Together with the already established Sci-Tech Mother Fund and the Leading District Industry Mother Fund, they form a trio of funds with a total scale exceeding 60 billion RMB, collectively playing a role in investment traction. Currently, Pudong's state-owned venture capital has invested over 40 billion RMB in more than 2,600 projects, investing in over one-third of the "Pudong series" STAR Market-listed companies. In the future, the investment in state-owned venture capital will continue to increase. By the end of 2025, the Pudong state-owned venture capital system is expected to drive various social funds to reach a total scale of 400 billion RMB.

Secondly, a state-owned venture capital fund matrix will be created. This year, the Pudong Angel Mother Fund was newly established with an initial scale of 2 billion RMB. Together with the already established Sci-Tech Mother Fund and the Leading District Industry Mother Fund, they form a trio of funds with a total scale exceeding 60 billion RMB, collectively a role in investment traction. Currently, Pudong's state-owned venture capital has invested over 40 billion RMB in more than 2,600 projects, investing in over one-third of the "Pudong series" STAR Market-listed companies. In the future, the investment in state-owned venture capital will continue to increase. By the end of 2025, the Pudong state-owned venture capital system is expected to drive various social funds to reach a total scale of 400 billion RMB.

The second aspect is to enhance the supply of state-owned innovation space. Firstly, fostering and incubating innovative enterprises from "0 to 1". Currently, district-owned enterprises have built 21 incubators, with an incubation area exceeding 350,000 square meters, incubating nearly 1,000 enterprises, effectively promoting the incubation and cultivation of innovative projects. Next, the focus will be on expanding early-stage incubators, creating benchmark incubators, and forming a gradient-linked innovative space carrier. Secondly, helping innovative enterprises achieve accelerated growth from "1 to 10". District-owned enterprises provide low-cost, high-quality industrial spaces, increasing the effective supply of various industrial properties required for the rapid growth of innovative enterprises, such as R&D, office, factory, and talent apartments, and implementing rent subsidies or price discounts. Currently, district-owned enterprises operate various industrial properties totaling 9.5 million square meters. In the next three years, 4.6 million square meters of industrial carriers will be newly built in the Golden Ring area of Pudong. Thirdly, ensuring innovative enterprises achieve expansion from "10 to 100" on-site. Currently, district-owned enterprises have built 17 municipal and district-level characteristic industrial parks, with over 2,500 enterprises settled in, generating a revenue of over 400 billion RMB. 

Next, a characteristic industrial park development pattern will be created, forming a linkage between city, district, and town-level parks and a deep integration of "technology-industry-finance", providing a favorable environment for innovative enterprises to stay, thrive, and develop well.

The third aspect is to strengthen the supply of state-owned innovation services. Support will be given to the Zhangjiang Group to develop into a comprehensive, full-cycle, and full-element technology innovation ecological integrated service provider for the entire Pudong area, offering more professional and precise services. Currently, the Zhangjiang Group has formed 6 areas, 25 major categories, and over 200 sci-tech service products. In the future, the Zhangjiang Group will continue to enrich its service system. 

By 2025, the number of service products is expected to exceed 300. At the same time, district-owned enterprises will be encouraged to increase the supply of public technology services, providing public technology services such as technology maturation, product prototyping, and computing power centers. Efforts will be made to promote digital, intelligent, and green transformation, providing application scenarios for Pudong's innovative enterprises, and taking the lead in applying innovative achievements.