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 cul

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.