On February 9, 2026, the Zijin Mountain Venture Capital Conference grandly opened in Nanjing.The conference was guided by the People’s Government of Jiangsu Province, hosted by the People’s Government of Nanjing, the Office of the Financial Commission of the CPC Jiangsu Provincial Committee, and the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission. It was organized by the Office of the Financial Commission of the CPC Nanjing Municipal Committee, the People’s Government of Jianye District, the People’s Government of Jiangning District, the People’s Government of Qixia District, and Nanjing Zijin Investment Group, and co-organized by the Jiangsu Investment Fund Association and Zero2IPO Holdings Limited.

Li Bin, Chairman of Nanjing Zijin Investment Group and Nanjing Venture Capital Group, and Wan Shun, Deputy General Manager of Nanjing Zijin Investment Group and General Manager of Nanjing Venture Capital Group, attended the event.

Under the theme “New Hub for Capital, New Ecosystem for Industries”, the conference brought together representatives from the investment community, industries, universities and research institutes to explore new trends of capital empowering sci-tech innovation, and discuss the future of the Zijin Mountain International Sci-Tech Innovation Fund Cluster.

A major highlight was the launch of the 10-billion-yuan Zijin Mountain International Sci-Tech Innovation Fund of Funds. Chairman Li Bin introduced that the Fund has a total scale of 10 billion yuan, jointly initiated by Nanjing Venture Capital Group together with Jianye, Qixia and Jiangning Districts.It focuses on investing in Jiangsu’s “1650” industrial system and Nanjing’s “1026” advanced manufacturing clusters, building a full-chain fund matrix covering concept validation, angel, VC, PE and M&A. The proportion of investment in sub-funds shall be no less than 80%, and direct investment no more than 20%.

Nanjing will guide capital agglomeration and boost industrial innovation with stronger policies and a more open attitude.The Fund has an extra-long investment period of 20 years, pursuing in-depth integration and coordinated development between capital and industry with a long-term investment vision and more flexible exit arrangements. It will focus on fostering a number of high-quality enterprises with long-term core competitiveness and sustainable growth capacity.

At the conference, a series of state-owned and central enterprise funds, provincial-level funds and various cooperative funds were launched intensively.The total scale of funds unveiled, launched and signed at the conference exceeded 70 billion yuan.

In addition to two 10-billion-yuan funds from China Reform Holdings Corporation, another five central and state-owned enterprise funds were signed with a total scale of about 7 billion yuan.Fifteen AI industry chain funds formed a full-life-cycle AI fund system, precisely matching the equity financing needs of AI enterprises and attracting high-quality AI startups and projects to settle in Nanjing.Nine angel investment funds focused on investing early, investing small and investing in hard tech, providing targeted capital support for Nanjing’s startup sci-tech enterprises.

Furthermore, the Jianyuan University Sci-Tech Innovation Fund has set a model for university-local cooperation.Responding to the national AIC equity investment pilot policy, the Fund was jointly established by Nanjing Venture Capital Group, CCB Investment, Jiangning District State-owned Investment Fund and Southeast University Education Foundation.Integrating strengths of the government, universities and financial institutions, it mainly invests in superior disciplines, research incubation projects and alumni enterprises of Southeast University, serving as a vivid practice for Nanjing to support the transformation of university sci-tech achievements.

In recent years, Nanjing has prioritized “building a strong city through industries” as its top project.Focusing on the construction of Nanjing’s modern industrial system, Nanjing Venture Capital Group has achieved simultaneous improvement in quality and efficiency in industrial empowerment through targeted investment, high-quality services and industrial cultivation.

Leading central enterprises, provincial strategic emerging industry funds and financial institutions, the Group has strived to build a “4+N” industrial fund cluster with a total scale of over 200 billion yuan, forming a capital network covering key industries and the full life cycle of enterprises.Up to now, 52 funds have been established with a total scale exceeding 130 billion yuan.

Adhering to the philosophy of “investing early, investing small and investing in sci-tech innovation”, the Group has helped more than 30 Nanjing-based tech enterprises list on the capital market, including Cigu Technology, GemPharmatech and Moland Optics.Handsun Technology, a direct-invested enterprise, successfully listed on the ChiNext Market on August 6, 2025, contributing to Nanjing’s development as a “Chip City”.

Through cooperative sub-funds:

Moore Threads, invested by Nanjing Wuyuan Fund, became the first domestic full-function GPU company listed on the capital market, with a one-day surge of over 400%;

Maxiey, backed by multiple sub-funds, saw its share price soar by 692.95% on the first trading day;

Biren Technology, supported by Nanjing Huaying SME Development Fund, became “the first GPU stock in Hong Kong” with an opening market value exceeding HK$100 billion.

The fruitful achievements of industrial cultivation are clearly reflected in the data.By the end of 2025, Nanjing Venture Capital Group had invested in more than 2,300 enterprises through sub-funds and direct co-investment, including nearly 800 in Nanjing.It has supported more than 320 Nanjing high-tech enterprises and over 160 “Little Giant” enterprises, and accompanied the growth of nearly 150 unicorns, cultivated unicorns and gazelle enterprises.

By launching the 10-billion-yuan market-oriented Fund of Funds, focusing on building the Zijin Mountain International Sci-Tech Innovation Fund Cluster, and systematically planning the development of financial agglomeration zones, Nanjing is guiding capital to fully empower high-quality regional development and deeply integrate sci-tech and industrial innovation.

Nanjing Venture Capital Group will continue to uphold long-termism and professionalism, further leverage the guiding and amplifying role of state-owned capital, steadily move forward in nurturing tech enterprises and emerging industrial clusters, and continuously contribute “venture capital strength” to Nanjing’s goal of building a global industrial sci-tech innovation center.

Source: Nanjing Venture Capital Group

Reviewed by: Xue Yao

Released by: You Yi