Hangzhou deepens state capital stack with $3 billion new fund cluster
The rollout of the four new funds came on the heels of two smaller vehicles unveiled on May 15, sized at 1 billion yuan and 500 million yuan, respectively.
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Hangzhou expands govt-backed industry fund network to $45 billion
By the end of 2025, the three funds had approved investments into 392 sub-funds and 4,614 projects, with total committed capital reaching 143.3 billion yuan.