Funds registered in the Pudong New Area exceeded 2.3 trillion yuan ($338 billion) by the end of 2025, ranking first nationwide in terms of total scale, according to a white paper on Pudong's venture capital industry.

Titled White Paper on the Venture Capital Industry of Pudong New Area 2026, the report was released on June 11 at a forum on Pudong's venture capital ecosystem, which was part of the Lujiazui Finance Salon.

The report shows that 540 fund managers had registered in the district by the end of 2025, including 70 with State-owned capital backgrounds.

"A total of 888 investments worth 34.4 billion yuan have been launched by funds in Pudong over the past three years, with more than 50 percent being early-stage investments. This shows that the support of patient capital for original innovation has begun to bear fruit," said Wen Xinchun, board chairman of Shanghai Pudong Venture Capital Co Ltd.

In 2025, more than 70 percent of all investments were concentrated in the three pillar industries: integrated circuits, biomedicine, and artificial intelligence. Investments related to AI doubled during the year, according to the white paper. In addition, nearly 60 percent of financing events and 75 percent of financing volume in Pudong took place in Zhangjiang Science City.

The forum on Pudong's venture capital ecosystem attracted hundreds of representatives from government departments, financial and investment institutions, and high-tech companies to discuss how to channel financial resources into high-tech growth.

The event also gathered more than 80 representatives from the district's venture capital ecosystem across five categories: strategic funds, chain-leader CVC funds, angel investments, innovation loans, and professional services providers.

Furthermore, the event showcased five representative frontier technology projects, including world models and high-efficiency GPUs.

Based on the white paper survey, representative investment and financing cases and the 20 most active investment institutions in Pudong in 2025 were also selected and announced.

Source: Pudong New Area government