On December 29, "Yangtze River Delta Collaborative Advantageous Fund" Inauguration Ceremony & Partnership Agreement Signing Ceremony took place. The representatives of 9 LPs, including Shanghai International Group (SIG), CPIC, Anhui Provincial Investment Group, Shaoxing Government Investment Platform, Shanghai Juneyao Group, Lingang Group, Shanghai Chengtou Group, Shanghai Airport Investment Co., Ltd. and Shanghai Jing'an Investment Co., Ltd. entered into a partnership agreement.

Initiated by SIG, managed by Shanghai Growth FOF Co., Ltd. under SIG, Yangtze River Delta Collaborative Advantageous Industry Fund is committed to building a functional vehicle for national strategic growth. With a first-round closed-end scale of more than 7 billion yuan, the fund is expected to leverage a capital of more than 50 billion yuan. The setup of the fund is an important move to implement the national strategy of integrated development of the Yangtze River Delta and General Secretary Xi Jinping's overall requirements for the "higher-quality integrated development of the Yangtze River Delta", as well as an important annual outcome of the Joint Meeting on Cooperation and Development in the Yangtze River Delta which just concluded in Shanghai.

In the future, the fund will grasp the main line of "hard technology drive", focus on advantageous industries driven by AI, IOT and biotechnology, cultivate and speed up the formation of a Yangtze River Delta advantageous industry cluster with key independent core technologies and international competitiveness, build an important cooperation platform for the collaborative development of the core city circle, the innovative industry chain and the superior enterprise cluster in the Yangtze River Delta, and provide strong functional support to deepen reform at a higher starting point.