According to the Shanghai State-owned Assets Administration Commission, in order to help the construction of Shanghai's “Five Centers” continue to promote the development of artificial intelligence and metaverse industries and further stimulate scientific research endogenous power driven by the digital economy, Futeng Capital, a subsidiary of Shanghai SDIC, and Linfang Investment, a subsidiary of Lingang Group, established Shanghai Yuanchuang Future Private Equity Fund Partnership (tentative name) as fund managers as the main sponsors. Yuanchuang Future Fund was jointly funded by state-owned platforms such as Shanghai State-owned Capital Parent Fund, Lingang Holdings, Caohejing Corporation, Xuhui Capital, and Chengdu Trading Co., Ltd. and leading digital industry companies such as MihaTour, Shangtang Technology, and Bilibili. At present, the fund has completed preparations to establish an initial customs value of RMB 512.1 million.