Shenzhen Yingnuo Angel Venture Capital Partnership (Limited Partnership) —
Yingnuo Angel Phase III Fund — has completed registration in Qianhai with an
initial size of 530 mln yuan, company filings show. Qianhai Financial Holdings
said the vehicle is the first sub‑fund of the National Venture Guidance Fund’s
Guangdong‑Hong Kong‑Macao Greater Bay Area (GBA) fund to complete industrial
registration and the first GBA sub‑fund to be based in Qianhai. Managed by
Yingnuo Houde, the fund will target next‑generation information technology,
advanced manufacturing and new energy/new materials, aligning with Qianhai’s
6+4+2 industry strategy. Yingnuo Houde will co‑build a Shenzhen‑Hong Kong
hard‑tech accelerator with the Qianhai administration and Bao’an district
government. The parent GBA fund is one of three regional vehicles under the
National Venture Guidance Fund and targets over 50 bln yuan in scale.