The Shanghai Future Industry Fund has recently unveiled its intention to invest in six sub-funds, among them the Shanghai Puqing Bencao Venture Capital Partnership (Limited Partnership). Prior to this, in mid-to-late April, the fund had announced investments in an additional six sub-funds, spanning frontier areas like brain science, synthetic biology, and hard technology. This signifies that within a span of less than four months, the Shanghai Future Industry Fund has finalized two rounds of sub-fund investment decisions. Since the latter half of this year, activities of mother funds in prominent cities such as Shanghai and Chengdu have intensified. Observing the sectors in which these funds are participating, "hard technology" has emerged as a pivotal investment direction. Industry experts highlight that with the escalation of equity investments and bolstered policy support across various regions, emerging industries are poised to receive continuous financial backing, thereby fostering local industrial advancement.