Weekly VC Digest: 10B-Yuan Future Industries Fund Lands; Four A-Share Giants Back 4.9B-Yuan CVC Fund

创业邦 · wechat · 2026-09-22

Rui Shou Analysis rounds up key PE/VC events for Sept 14-20. On the government-guided side, the 10-billion-yuan Jinfurong Dacheng Future Industries Fund completed filing; Shanghai M&A Fund III closed at 900M yuan; CNNC's first VC fund totals 2.7B yuan; Zhongkai Hi-tech Zone set up a 600M-yuan AI venture fund; Shanxi is selecting managers for a 2.5B+ yuan agriculture fund.

In market funds, Five Source Capital raised a new fund to 450M yuan with LPs including Lei Jun's Hanxing and Liu Qiangdong's Suqian Tianqiang; Zijin Mining, CATL, Rampura and Lens Technology jointly launched a 4.9B-yuan CVC fund targeting AI and embodied intelligence; Hillhouse-backed Gaorong's 3.26B-yuan fund drew six listed-company LPs.

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