The Shenzhen Private Equity Fund Industry Association (hereinafter referred to as the Association) was established on August 18, 2020, with its registration and office located in Qianhai, Shenzhen. It is the first private equity fund industry association in China established under the guidance of a business supervisory unit dispatched by the China Securities Regulatory Commission. The Association was initiated by 14 leading institutions in terms of management scale, industry influence, and compliance standards, including Shenzhen Capital Group, Qianhai FOF Equity Investment (Shenzhen) Co., Ltd., China Merchants Capital Management Co., Ltd., Shenzhen Kunpeng Equity Investment Management Co., Ltd., Shenzhen Oriental Fortune Venture Capital Management Co., Ltd., and Shenzhen Green Pine Capital Partners Capital Management Co., Ltd. It is voluntarily composed of private equity fund managers and fund service-related institutions in Shenzhen, and is a non-profit social organisation that achieves self-organisation, self-management, self-service, and self-development. With 133 founding members, the member-managed funds cover various types such as securities investment funds, private equity funds, venture capital funds, hedge funds, and alternative investment funds.

China Reform Securities Fund Management Co., Ltd. was established on March 1, 2019, and is the first public fund management company approved by the China Securities Regulatory Commission to be located in the Xiong'an New Area. Since its establishment, adhering to the corporate spirit of "Integrity, Responsibility, Professionalism, and Diligence", the company has actively innovated in product design and development, established the first domestic public fund with an Xiong'an theme, guided social resources to participate in the operation and construction of the Xiong'an New Area, and contributed to the development of innovative technology and the coordinated development of Beijing-Tianjin-Hebei.

Qianhai Financial Holdings Co., Ltd. (abbreviated as Qianhai Financial Holding) is a wholly state-owned company initiated by the Qianhai Authority, with a current registered capital of CNY 10,001 million.

Since its establishment, Qianhai Financial Holdings has fully leveraged the policy advantages of pilot initiatives and Shenzhen-Hong Kong cooperation, actively promoted the implementation of national financial innovation policies, conducted numerous fruitful explorations in key areas such as the cross-border circulation of the Chinese yuan, opening up of capital accounts, and Shenzhen-Hong Kong financial cooperation, facilitated the implementation of national financial industry opening measures to Hong Kong under the CEPA framework in Qianhai, guided and cultivated a group of key financial enterprises to cluster and develop in Qianhai, and achieved multiple domestic firsts. It has successively received honours such as the Guangdong May 1st Labour Medal, Shenzhen May 1st Labour Medal, Shenzhen Financial Innovation Award, and Qianhai Excellent Financial Innovation Case.

Established in 2003, Hony Capital is a leading investment management group in China, with a mission to "Gather Capital with Wisdom and Create Value". It has business segments such as private equity investment (angel, VC, PE, real estate investment), hedge funds (Jin Yong Investment), public funds (Hony Yuanfang Fund), and industrial investment (Bai Fu Holding, Honghe Ren'ai).

Committed to gathering high-quality capital from China and abroad and supporting the development of the real economy, Hony Capital manages funds with a total size exceeding CNY 120 billion. Rooted in China, it has always focused on the Chinese market, concentrating on sectors such as life sciences, green and low-carbon, advanced manufacturing, digital technology, cultural technology, consumer services, and real estate investment. Through comprehensive empowerment, it has built over 100 industry-leading enterprises, helping Chinese enterprises achieve value growth.

China Merchants Venture Capital Management Co., Ltd. (abbreviated as "China Merchants Venture Capital") was established in 2015. It is a corporate venture capital platform of the China Merchants Group that promotes the integration of industries and innovative technologies through investment. It specialises in discovering, cultivating, and integrating industrial technology innovation projects within the China Merchants Group's value chain. As of the end of 2022, China Merchants Venture Capital had an asset management scale exceeding CNY 16 billion, with cumulative investments in more than 170 projects. China Merchants Venture Capital manages three major categories of funds, namely, self-funded venture capital funds, "dual-GP" industrial ecology innovation funds, and market-raised funds, totalling eight funds. Business types include mother fund investments and direct project investments, mainly investing in early-stage and growth-stage VC funds and projects both domestically and internationally. Investment areas cover innovative projects related to the core businesses of the China Merchants Group, such as transportation and logistics, comprehensive finance, and comprehensive urban and park development and operation, as well as technological innovation areas such as green technology, digital technology, and hard technology.

Shenzhen Capital Group Co., Ltd. (hereinafter referred to as "SCGC") was established in 1999 with contributions from the Shenzhen Municipal Government and guided social capital contributions. With the mission of discovering and nurturing great enterprises, the Group is committed to being an explorer and cultivator of innovative value. It has developed into a comprehensive investment group with venture capital as its core, with a current registered capital of CNY 10 billion and total assets under management of approximately CNY 481.1 billion.

Shenzhen Angel FOF Co., Ltd. (referred to as “Angel FOF”) is a strategic and policy-oriented fund initiated and established by the Shenzhen Municipal People's Government. It is a policy initiative for Shenzhen to benchmark international best practices, address shortcomings in venture capital, and support the development of seed-stage and start-up enterprises. Founded with capital contributions from the Shenzhen Angel Capital Guiding Fund, the Shenzhen Angel FOF currently has a scale of CNY 10 billion, making it the largest government-guided angel investment fund in China. Shenzhen Angel FOF focuses on investing in and cultivating strategic emerging industries and future industries. It is committed to leading the angel investment industry, nurturing outstanding start-ups, and improving the full-process innovation ecosystem chain of "basic research + technological breakthroughs + industrialisation of outcomes + science and technology finance + talent support". Its goal is to become a globally leading angel mother fund and provide strong support for Shenzhen to build an international venture capital and private equity hub, as well as an international science and technology and industrial innovation hub.

The Qianhai FOF was established in accordance with the spirit of the "Approval of Policies to Support the Development and Opening-Up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone" issued by the State Council, which endorses the establishment of a Qianhai equity investment mother fund. It is a large-scale commercial mother fund set up in response to the upcoming development boom in the domestic equity investment mother fund industry. The Qianhai FOF was successfully established in December 2015 and has currently raised a total of CNY 28.5 billion.

The fund management company is registered with the State Administration for Industry and Commerce and is officially named "Qianhai Fangzhou Asset Management Co., Ltd." The successful establishment of the Qianhai FOF marks the completion of the fourth of the eight financial innovation tasks assigned by the State Council to Qianhai. It is of epoch-making significance in promoting the development of qualified investors in China's private equity investment industry, supporting the development of emerging industries, the transformation and upgrading of traditional industries, as well as mass entrepreneurship and innovation.

Founded in 2015 with its headquarters in Shenzhen, China Prosperity Capital is a private equity investment fund focusing on the mobile internet, pan-entertainment, and other technology sectors in the Greater China Region. China Prosperity Capital closely monitors the innovation of traditional business models driven by internet thinking and the changes in people's lifestyles brought about by technological advancements. It is dedicated to discovering and investing in startups with broad market prospects, unique business models, and excellent entrepreneurial teams. It is also willing to help entrepreneurs overcome obstacles in the process of business development and share the joy of business growth.

Greater Bay Area Homeland Investments Limited was jointly established by major international industrial institutions, financial institutions, and new economy enterprises. Under its umbrella, it has set up the Greater Bay Area Common Homeland Development Fund. The Fund aims to seize historical opportunities such as the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the construction of an international science and technology innovation centre. It focuses on fields related to technological innovation, industrial upgrading, quality of life, smart cities, and more, covering the entire lifecycle of projects such as venture capital, private equity investments, listed company investments, and mergers and acquisitions. It provides financial support and connects industrial and financial resources for outstanding entrepreneurs and enterprises, delivers long-term returns for shareholders and investors, and contributes positively to economic and social development.

Founded in April 2013, InnoAngel Fund manages billions of Chinese yuan and has invested in over 500 innovative projects. The investment management team has an average of over 10 years of angel investment experience, starting with Tsinghua alumni and establishing a multi-dimensional entrepreneurship service system. InnoAngel Fund aspires to become a self-evolving and innovative angel investment platform. With the investment philosophy of "Investing in Innovation to Achieve Mutual Success," it has deeply invested in major entrepreneurial hubs such as Beijing, the Yangtze River Delta, the Central and Western Regions, the Guangdong-Hong Kong-Macao Greater Bay Area, and Silicon Valley, USA. It has established a cross-regional investment and entrepreneurship service network, characterized by high investment efficiency and rapid returns.

Cowin Capital Group (hereinafter referred to as "Cowin Capital") was established on June 26, 2000, and is one of China's first professional venture capital institutions. It successfully listed on the New Third Board in July 2015 (stock code: 832793). With 24 years of investment management experience, Tongchuang Ventures manages assets worth more than CNY 35 billion, has invested in over 700 companies, and successfully facilitated the listing of 120 enterprises. With consistently excellent returns, it has become a leading local brand of professional investment institutions.

Taking industrial chain investment as an entry point and focusing on emerging industries, Cowin Capital  maintains a prudent investment strategy, deeply excavates hidden champions, supports innovation and entrepreneurship, and fully serves the real economy.

Founded by Liu Xiaosong, Dong Zhanbin, and Su Wei in 2012, Qingsong Fund is an early-stage venture capital firm focusing on investments in new energy, smart manufacturing, and the digital economy. It has invested in over 200 companies, with one IPO and over 20 exits/partial exits, achieving a maximum exit return of 118 times.

As a leading early-stage investment institution in China, Qingsong Fund and its partners have received numerous influential awards, including Top 30 Early-Stage Investment Institutions in China by Zero2IPO Group, Top 100 Investors in China by ChinaVenture, Top 30 Investment Institutions in China's Cultural Consumption Field, Top 30 Investment Institutions in China's Consumption Field, Top 50 Best Early-Stage Venture Capital Firms/Investors in China by ChinaVenture, and Top 10 Best Early-Stage Investment Institutions in the Guangdong-Hong Kong-Macao Greater Bay Area.

Green Pine Capital Partners (GPCP) was founded in 1997 by Mr. Li Wei and Mr. Luo Fei. The firm’s core investment team has over 20 years of experience in technology investment, witnessing China's technological development and having a clear understanding of the industry. It has long been dedicated to discovering and promoting technological innovation and entrepreneurship in China, striving to become a technology investment institution with global influence.

Green Pine Capital Partners focuses on early-stage and growth-stage investments, with a particular emphasis on digital technology, precision medicine, and innovative materials within the three hard technology fields. Meanwhile, adhering to the principle of capital for goodness, it courageously fulfills its social responsibilities and has long been committed to areas such as educational donations, multicultural heritage preservation, environmental protection, and pandemic prevention and control.

Founded on April 19, 2000, and headquartered in Shenzhen, Fortune Capital is one of China's first locally established venture capital institutions operating under market-oriented principles. Since its establishment, Fortune Capital has grown alongside China's rapid economic growth and the continuous improvement of the multi-tiered capital market. With the care and support of all sectors of society, it has focused on fields such as information technology, intelligent manufacturing, energy conservation and environmental protection, healthcare, consumer goods, enterprise services, cultural media, and military industry. It has developed into one of the largest, most capable, and influential venture capital institutions in China. It has also been elected as the vice chairman unit of professional associations such as the Private Equity and Venture Capital Committee of the China Venture Capital and Private Equity Association, China Private Equity Fund Association, Shenzhen Private Equity Association, Shenzhen Venture Capital Association, and Shenzhen Entrepreneur Association.

Shenzhen Boyue Investment and Loan Capital Management Co., Ltd. is a financial institution primarily focused on cross-border investment, established with funding from Shenzhen state-owned enterprises. The controlling shareholder is Shum Yip Group Limited, while the participating shareholders include Shenzhen Investment Holdings Co., Ltd. and Shenzhen Qianhai Capital Management Co., Ltd. The company is responsible for managing the RMB international investment and loan fund established by the Shenzhen Municipal Government—the Boyue International Investment and Loan Fund.

Shenzhen Boyue International Investment and Loan Fund is the only RMB international investment and loan fund established in the Guangdong-Hong Kong-Macao Greater Bay Area, led by the Shenzhen Municipal Government and approved by the People's Bank of China and the National Development and Reform Commission. Its strategic goals are to provide cross-border investment and financing services, innovate industrial introduction methods and explore the internationalization of RMB, to help Shenzhen's industrial upgrading and the construction of the Guangdong-Hong Kong-Macao Greater Bay Area.

Shenzhen Qianhai Kekong Lingdingyang Venture Capital Co., Ltd. (HKX) was founded by Mr. Neil Shen, the founding and executive partner of Sequoia China, Professor Zexiang Li of the Hong Kong University of Science and Technology and Professor Guanhua Chen of the University of Hong Kong, together with 22 super professors and technology elites in Hong Kong. The platform’s vision is to inspire Hong Kong youth to innovate and start businesses in science and technology, and to promote the construction of Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area into an international innovation and technology center.