Guangdong province launched a provincial strategic emerging industries investment guidance fund on May 25, with a total planned size of 100 billion yuan ($14.7 billion).  

The launching ceremony was held in Tianhe, marking a major step forward for the district in empowering the real economy through financial innovation.

The move followed the establishment of CITIC AIC's headquarters in Tianhe, solidifying the district's status as a burgeoning hub for strategic emerging industries in Guangzhou.

The guidance fund, with an initial registered capital of 50 billion yuan, operates under the principles of "government guidance, market-driven operations, and professional management". It aims to maximize leverage effects and the advantages of "long-term investment with long-term capital", encouraging early-stage, small-scale, long-term, and technology investments.

The guidance fund focuses on strategic emerging industries, future industries, and the upgrading of traditional industries, which are key areas supported by Guangdong. By capitalizing on Tianhe's strong industrial foundation in software information, artificial intelligence, and low-altitude economy, the fund aims to facilitate synergy between high-quality sci-tech projects and investment.

Notably, Xpeng Motors, headquartered in Tianhe, is among the first to partner with the fund. 

An aerial view of Tianhe. [Photo/thnet.gov.cn]