At the 8th (2025) West Lake Conference hosted by the Securities Times in Hangzhou on May 21, Zuo Ding, Chairman of Shenzhen Capital Group (Shenzhen Capital), declared in his keynote address that ‌Renminbi-denominated funds should spearhead the development of China’s emerging industries‌. He emphasized that these funds must embrace their historic mission to accelerate the incubation of:

‌AI-driven innovations‌: New technologies, business models, and industry formats for the artificial intelligence era;

‌Patient capital support‌: Sustained and substantial investment in China-originated technological breakthroughs by domestic venture capital firms.