The first phase has a scale of 1 billion yuan, and the Shanghai Jiaorong Successor Private Investment Fund has been established.

Recently, the Shanghai Jiao Rong Continuity Private Equity Investment Fund Partnership (Limited Partnership), jointly initiated by Pudong Venture Capital and Bank of Communications Guoxin, successfully completed registration with the China Securities Investment Fund Industry Association. The first phase of the fund has a scale of 1 billion yuan, with Pudong Venture Capital’s leading district fund subscribing 200 million yuan. The goal is to inject long-term capital vitality into the construction of Shanghai’s Science and Technology Innovation Center and accelerate the development of a virtuous cycle among “technology—industry—finance.”

The Shanghai Jiao Rong Continuity Private Equity Investment Fund Partnership (Limited Partnership) focuses on the three major leading industries in Shanghai and the top ten core industrial clusters in Pudong New Area. Through a dual GP cooperation model, it deeply integrates Bank of Communications’ comprehensive financial services with Pudong’s rich industrial resources, forming a full-chain service system of “equity investment—capital continuity—industry empowerment.”