According to the news from the Guangzhou Municipal Party Committee Financial Office on September 30, the Industrial and Commercial Bank of China Guangzhou Branch, together with ICBC Capital, Guangzhou Investment Capital, and Guangfa Xinde, jointly expressed their intention to initiate the Financial Asset Investment Company (AIC) pilot private equity fund and held a cooperation signing event on the 29th, marking the official launch of Guangzhou's first AIC private equity fund. The fund size reached an intention of 10 billion yuan this time, focusing on strategic emerging industries in the Guangzhou region such as the new generation of information technology, new energy vehicles, biomedical and health, new energy and energy-saving and environmentally friendly, smart equipment and robots, and the fund has already connected with specific projects.