Wuhan has recently unveiled the "Several Measures to Further Promote the High-Quality Development of the Private Economy," commonly referred to as the "20 Private Economy Policies." These measures are aimed at addressing the multifaceted challenges faced by private enterprises, including innovation, financing, talent acquisition, and market access. Among the initiatives, Wuhan's strategy to cultivate patient capital stands out prominently. Over the next five years, the city plans to facilitate the establishment of the Jiangcheng Fund and the Wuhan Fund, partnering with social capital to forge a 300 billion yuan mother-sub fund cluster. This ambitious cluster will catalyze the transformation of scientific and technological achievements, as well as drive industrial innovation and development. Concurrently, the proportion of government investment funds allocated to seed and angel funds will be flexibly increased to a maximum of 50%. Furthermore, direct investments in individual seed-stage and angel-stage projects will be permitted to tolerate a maximum loss of 100%, without assessing the profitability or loss of individual funds or projects. Instead, the overall effectiveness of the guiding fund will be evaluated comprehensively.