On December 24, 2025, Beijing played host to both the Third Commercial Space Development Conference and the Fourth Zhongguancun Commercial Space Conference. During the event, a series of accomplishments were unveiled, aimed at fueling the high-quality progression of the commercial space industry. Among these notable achievements, China has taken a significant stride by officially establishing its first-ever socialized special fund dedicated to commercial space, known as the "Lingchuang Commercial Space Alliance Science and Technology Innovation Fund." This groundbreaking fund commences with an impressive initial capital of 2 billion yuan. Its primary investment focus will be on high-potential startups and pioneering technological innovation projects within the commercial space sector, with a special emphasis on vital areas such as core components, cutting-edge materials, and advanced manufacturing techniques.