Wuhan municipal government issued measures to deepen tech–industry innovation integration. For private equity, the city aims for more than 1,500 registered funds, annual fund-management scale growth above 20%, and total AUM of 300 billion yuan by 2028. It encourages industry departments to inject special-purpose funds into SOEs by converting allocations into investments. Government contributions to venture funds may exceed 50% and fund terms can be extended to 15–20 years; actively managed seed

Wuhan municipal government issued measures to deepen tech–industry innovation integration. For private equity, the city aims for more than 1,500 registered funds, annual fund-management scale growth above 20%, and total AUM of 300 billion yuan by 2028. It encourages industry departments to inject special-purpose funds into SOEs by converting allocations into investments. Government contributions to venture funds may exceed 50% and fund terms can be extended to 15–20 years; actively managed seed funds are allowed an 80% loss-absorption ratio, angel funds 60%, and direct investments by seed and angel funds may be written down 100%.