According to CoinMeta, Guotai Haitong (601211. SH) announced that its wholly-owned subsidiary, Guotai Haitong Kaiyuan, plans to jointly establish the Shanghai Linghang Science and Technology Innovation Fund with an international group asset management company and other parties, with a total subscribed capital of 20 billion yuan. Among them, Guotai Haitong Kaiyuan subscribes for 4 billion yuan and will act as the fund manager, while the international group asset management company subscribes for 2 billion yuan. This partnership will only invest in sub-funds that have been approved by the partners' meeting, with investment directions including new-generation information technology, high-end equipment, new materials, biomedicine, artificial intelligence, digital economy, and other key industries that align with national strategic guidelines.