120 billion yuan scale! Two state-owned venture capital companies reorganized to form the new Shanghai Science and Technology Innovation Group

On December 23, the Shanghai Municipal Party Committee and Municipal Government decided to pool and integrate resources at the city and district levels in Shanghai to jointly reorganize Shanghai’s two major state-owned venture capital companies: Shanghai Science and Technology Venture Capital (Group) Co., Ltd. (referred to as Shanghai Science and Technology Venture Capital Group) and Shanghai Pudong Science and Technology Venture Group Co., Ltd. (referred to as Pudong Science and Technology Venture Group).

The new Shanghai Science and Technology Innovation Group was officially born and became Shanghai's largest investment management platform for strategic emerging projects.

(Source: Pudong Science and Technology Innovation Group)

After the joint reorganization, the new Shanghai Science and Technology Innovation Group has entered the first camp of national state-owned venture capital enterprises, with a capital management scale of more than 120 billion yuan, total assets of more than 70 billion yuan, and a total of more than 360 direct investment projects; it has equity participation in more than 160 venture capital funds, more than 1,800 fund investment projects, and technology and financial services for 12,000 small and micro enterprises.

According to official data from the Pudong Science and Technology Innovation Group, there are currently 51 companies listed on the Science and Technology Innovation Board of the new Shanghai Science and Technology Innovation Group (including SMIC, AMEC, Anlu Technology, Fudan Microelectronics and other Science and Technology Innovation Board companies), accounting for 13% of the total number of companies listed on the Science and Technology Innovation Board and 86% of the total number of listed companies in Shanghai.

(Source: Pudong Science and Technology Innovation Group)

It is reported that in the future, the new Shanghai Science and Technology Innovation Group will continue to serve the national and Shanghai science and technology innovation strategies, promote the construction of the science and technology innovation center, accelerate the construction of Pudong's socialist modernization leading area, and strive to create two market-oriented investment brands, Haixing Capital and Haiwang Capital, to become the main force in the construction of Shanghai Science and Technology Innovation Center.