China National Venture Capital Guidance Fund
Status
ACTIVE
Global HQ
Beijing, China
Countries of investment
- China
Investment stages
- Pre-Seed
- Seed
- Series A
Industries
- Semiconductors
- Advanced Manufacturing
- AI
- New Materials
- Biotech
- Aerospace
- Energy Transition
About
China National Venture Capital Guidance Fund is a state-backed guidance vehicle designed to catalyze venture investment across China’s strategic and frontier technology sectors. Operating primarily through fund-of-funds and co-investments, it supports semiconductors, advanced manufacturing, AI, and deep tech aligned with national policy objectives.
China National Venture Capital Guidance Fund is a state-backed guidance vehicle designed to catalyze venture investment across China’s strategic and frontier technology sectors. Operating primarily through fund-of-funds and co-investments, it supports semiconductors, advanced manufacturing, AI, and deep tech aligned with national policy objectives.
Investment Thesis
The fund channels long-duration capital into strategically critical technologies, prioritizing early-stage innovation and national industrial competitiveness.
Manager's Experience
The management team is composed of senior policymakers, fund managers, and investment professionals with deep experience in venture finance, industrial policy, and national technology development. Their expertise lies in capital allocation at scale, fund-of-funds structuring, and long-term innovation financing.
Team
Zhang Feng - Managing Director (CMC)
Li Shuo - Investment Director
Wang Peng - Senior Associate
Portfolio
Semiconductor Manufacturing International Corp (SMIC)
Cambricon Technologies
Empyrean Technology