The National VC Guidance Fund, initiated by China's NDRC and Ministry of Finance in December 2025, commits CNY 100B ($14.3B) in government capital with a target of CNY 1T ($142.7B) including sub-funds. The 20-year lifespan and 70-plus percent allocation to seed and early-stage enterprises make this one of the world's most patient capital vehicles.
Three regional funds covering Beijing-Tianjin-Heb...
Shanghai, China
Shanghai, China
Ahmedabad, India
Oakland, United States
Menlo Park, United States
Seoul, South Korea