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On April 30, Shenzhen Qianhai Shekou Area of China (Guangdong) Pilot Free Trade Zone announced the establishment of the Qianhai Data Industry Fund. Led by the Qianhai Administration and the Bao'an District Government Data Bureau, this fund represents a joint investment of 500 million yuan from the Qianhai Industry Guidance Fund and the Bao'an District Industry Investment Guidance Fund.
The Qianhai Data Industry Fund will concentrate on various aspects of the data industry, including data resources, technology, services, applications, security, and infrastructure. Its primary objective is to nurture high-growth data technology enterprises. Moving forward, the fund aims to leverage its capital strengths to bolster the real economy and inject fresh momentum into the development of the data industry within the Guangdong-Hong Kong-Macao Greater Bay Area.
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