Hunan Party Chief Urges High-Tech Investment Group to Focus on Early-Stage Ventures
On August 31, Hunan Provincial Party Secretary Shen Xiaoming visited Hunan High-Tech Industrial Investment Group, the province's first state-owned capital investment pilot company. The group, formed from a merger of two state entities and officially launched on August 20, 2026, manages over RMB 50 billion in funds. Shen urged the group to invest early, in small projects, and in hard technology.
On August 31, Shen Xiaoming, Secretary of the Hunan Provincial Party Committee, visited Hunan High-Tech Industrial Investment Group Co. , Ltd. for an inspection.
Hunan High-Tech Industrial Investment Group is the first state-owned capital investment company pilot enterprise in Hunan Province. It was formed through the restructuring and merger of the core assets of the former Hunan High-Tech Venture Capital Group and the former Hunan Pharmaceutical Development Investment Group, and was officially inaugurated on August 20, 2026. The group manages funds totaling over RMB 50 billion. It will fully leverage the guiding and leveraging role of state-owned capital, focus on the layout of emerging industries and future industries, deepen collaborative innovation among major universities, major research institutes, and major industries, and effectively promote the transformation and implementation of high-end, frontier, and cutting-edge technologies in Hunan.