National AI Industry Investment Fund

A RMB 60.06 billion state-level AI industry fund set up by China's industry and finance ministries.

The National AI Industry Investment Fund was established on January 17, 2025, led by China's Ministry of Industry and Information Technology and Ministry of Finance, with total committed capital of RMB 60.06 billion and a 13-year term, registered in Xuhui, Shanghai. According to business-registry filings, its main backers are Phase III of the National Integrated Circuit Industry Investment Fund (commonly called the “Big Fund” Phase III) and Guozhitou (Shanghai) Private Fund Management Co., Ltd. It makes equity investments across the whole AI industry chain — compute, algorithms, data, and enabling applications — following a stated principle of investing moderately early, small, and at the frontier. In April 2025, representatives of the fund said at a Shenzhen Stock Exchange forum on embodied AI that they took the field very seriously and would invest as the industry develops. It is a representative example of state-backed “patient capital” entering the embodied-AI race.

ExampleAt an April 2025 Shenzhen Stock Exchange forum on embodied-AI industrialization, the fund's preparatory team said it would invest in the field.

Also called

National AI Fund

Related

Patient Capital · AI+ Initiative · New Quality Productive Forces · Funding Rounds & Valuation · Embodied AI Bubble

Sources

600亿国家人工智能基金将开展投资布局（证券时报） (Chinese)
600亿，国家级AI基金登场（36氪） (Chinese)

As of

2025-04