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Hangzhou Aims to Direct Over 100 Billion Yuan in Social Capital Towards AI Industry Funds Through Industrial Fund Groups
2025-04-15 /
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Author：小编
Hangzhou intends to steer industrial fund groups in mobilizing over 100 billion yuan of social capital into the realm of artificial intelligence. To realize this objective, the city plans to establish the Runmiao Direct Investment Fund, primarily aimed at bolstering local startups with robust technological foundations. Additionally, Hangzhou will enhance associated investment mechanisms and explore innovative support measures, such as investment-subsidy linkage and investment-loan linkage. Furthermore, an industrial fund fault-tolerant exemption mechanism will be established to mitigate risks. Lastly, Hangzhou will include pivotal AI enterprises in its listing cultivation program, offering support in listing financing and bond issuance.
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