Shanghai municipal government office issued Opinions on deepening Shanghai’s
build-out as a global asset management center, directing asset managers to
support new productive capacity and use state capital and government investment
funds to lead. It calls on social security funds, insurance capital, financial
asset investment companies and other long-term capital to participate in tech
companies’ full lifecycle, urges larger allocations to frontier disruptive
technologies and future-industry cultivation, and backs clustering of corporate
venture capital (CVC), private equity secondary-market (S) funds and buyout/M&A
funds with streamlined fund-registration and setup services.
