Guangdong has released six selection notices for fund managers under its Strategic Emerging Industries Investment Guidance Fund, opening a new round of capital deployment across key industrial sectors.
According to a report carried by MarsBit and attributed to the WeChat account Decoding LP, the province is seeking managers for six industry investment funds focused on new energy, smart home, marine emerging industries, new materials, medical devices and innovative drugs. The application deadline for all six notices is set for 12:00 p.m. on Aug. 31, 2026.
Six sector funds move into manager selection
The notices spell out both minimum fund sizes and investment mandates.
New Energy Industry Investment Fund
The Guangdong New Energy Industry Investment Fund is planned at no less than 5 billion yuan. It is positioned to support high-quality development in Guangdong’s new energy sector, targeting key links in the energy system such as new clean energy equipment and core technologies, new batteries, new energy storage, virtual power plants, the energy internet, and integration between new energy and emerging sectors including artificial intelligence.
Smart Home Industry Investment Fund
The Guangdong Smart Home Industry Investment Fund is planned at no less than 1 billion yuan. It will invest across the smart home value chain and related frontier technologies, including smart appliances, smart home and security products, service robots, home entertainment, intelligent light sensing, home energy management, as well as AI technologies such as voice and visual recognition, Internet of Things and cloud computing services, smart home chips and sensors, communication modules, and intelligent controllers.
Marine Emerging Industries Investment Fund
The Guangdong Marine Emerging Industries Investment Fund is planned at no less than 2 billion yuan. Its focus includes marine high-end equipment, marine new energy, marine new materials, marine biopharmaceuticals, marine information industries, marine aerospace industries and marine polar industries. The scope also covers deep-sea submersibles, underwater robots, new vessels and related core components and materials, along with intelligent, green and integrated upgrades in shipbuilding.
New Materials Industry Investment Fund
The Guangdong New Materials Industry Investment Fund is planned at no less than 2 billion yuan. It will target functional new materials such as specialty engineering plastics, functional membrane materials, intelligent bionic materials, functional coating materials, polymer materials and advanced composite materials, as well as high-end metal materials, advanced inorganic non-metallic materials and AI-plus-new-materials applications.
Medical Devices Industry Investment Fund
The Guangdong Medical Devices Industry Investment Fund is planned at no less than 1 billion yuan. It will focus on domestic substitution in high-end medical devices and breakthroughs in core components, including bottleneck areas such as key parts for surgical robots, high-end imaging components and base materials for minimally invasive interventional consumables. It will also track AI-assisted diagnosis, intelligent surgical navigation systems, rehabilitation robots, smart rehabilitation technologies, new biomedical materials and high-end consumables.
Innovative Drugs Industry Investment Fund
The Guangdong Innovative Drugs Industry Investment Fund is planned at no less than 1 billion yuan. It will invest in innovative drug projects with proprietary intellectual property, strong innovation capacity and industrialization potential. Priority areas include small-molecule innovative drugs, antibody drugs, nucleic acid drugs, cell and gene therapy, modern traditional Chinese medicine, AI-enabled drug R&D and the commercialization of clinical innovation results.
Backed by Guangdong’s provincial strategic fund
The six funds sit under the Guangdong Strategic Emerging Industries Investment Guidance Fund. The vehicle has a planned total size of 100 billion yuan and an initial registered size of 50 billion yuan. The report described it as Guangdong’s first provincially backed government investment fund structured as a corporate vehicle with perpetual operation.
The fund is organized in corporate form, with Guangdong Yuecai Fund Management Co., Ltd. responsible for operations and management. The provincial Development and Reform Commission oversees personnel, funding and assets for both the guidance fund and Guangdong Yuecai Fund Management, while the provincial Department of Finance acts as the capital contributor.
According to the report, the vehicle is intended to serve as a unified provincial platform for government fund investment and management. It will coordinate fund allocation across Guangdong and use capital commitments to drive collaboration among cities. It is also meant to attract national-level funds, capital from centrally administered state-owned enterprises, financial capital, industrial capital and investment institutions, with the stated goal of building a trillion-yuan industrial investment fund cluster.
First external investment was completed in February 2026
The article said the Guangdong strategic fund made its first external investment in February 2026, supporting Shenzhen in taking on the National Venture Capital Guidance Fund and forming a 50.4 billion yuan Guangdong-Hong Kong-Macao Greater Bay Area Venture Capital Guidance Fund. It was described as the first national-level parent fund undertaken by Guangdong and is expected to mobilize capital on the order of 100 billion yuan to support startups.
The fund was formally launched on May 25. On that day, seven sector funds were signed, including the Guangdong New Energy Industry Fund, Guangdong Intelligent Manufacturing Industry Fund, Guangdong Smart Home Industry Fund, Guangdong Artificial Intelligence and Robotics Fund, Guangdong Embodied Intelligence Industry Fund, Guangdong New Materials Industry Fund and Guangdong Marine Economy Industry Fund. Also signed were three regional industrial investment parent funds for Guangzhou, Zhuhai and Dongguan, along with two projects tied to TCL CSOT T8 and XPeng Group.
Hefei’s ChangXin case was cited in the report
The report also pointed to Hefei’s investment track record. On July 27, ChangXin Technology listed on the STAR Market, with a first-day market capitalization above 3 trillion yuan. According to its prospectus, Qinghui Jidian, ChangXin Jicheng and Hefei Jixin held a combined 45.16% stake before the offering, with the Hefei state-owned capital system accounting for about 36.79% of that. Based on a 3 trillion yuan valuation, the corresponding market value of Hefei state-owned holdings exceeded 1 trillion yuan.
Citing Omdia data, the article said ChangXin Technology is now China’s largest and the world’s fourth-largest DRAM maker by capacity and shipments. Since the company was established in Hefei in 2016, the city has gathered upstream and downstream businesses across chip design, wafer manufacturing, packaging and testing, materials and equipment around that anchor enterprise.
The piece framed Guangdong’s latest batch of selection notices against intensifying industrial competition among Chinese cities, arguing that the capital being deployed today is tied to where cities hope to stand in the industrial map of tomorrow.
The original article was published by the WeChat account Decoding LP and written by Chen Jia.