According to CoinMeta, China Merchants Securities announced that its wholly-owned subsidiary, China Merchants Zhiyuan Capital, plans to contribute 1 billion yuan as a general partner and fund manager. Together with related parties such as China Merchants Highway, China Merchants Advanced, and the third-party Guangming Kekai Investment, they will jointly establish the China Merchants Bureau (Shenzhen) Artificial Intelligence Industry Private Equity Investment Fund Partnership (Limited Partnership), with a total fund size of 5 billion yuan. The fund will focus on investing in areas such as computing power and power industry chains, embodied intelligence industry chains, AI end-side applications, industry-specific vertical models, and AI Agent.