Shenzhen will welcome two new "village enterprise" VC funds again with a term of 10 years.

On August 25th, two venture capital funds initiated by collective economies in Shenzhen - Bantian Artificial Intelligence Venture Capital Fund and Longgang Longxing Venture Capital Fund - officially signed an investment intention agreement. Securities Times reporters learned from the scene that the total scale of these two funds are 100 million yuan and 200 million yuan respectively, with a duration of 10 years. They have already completed the intention funds raising and are currently advancing the subsequent legal procedures. These two funds will focus on investing in Shenzhen's strategic emerging industries and future industries led by artificial intelligence, and they have already reserved a number of high-quality projects. According to incomplete statistics, as of now, nearly 40 village stock cooperation companies in Shenzhen have ventured into entrepreneurship investment, and these village enterprises are distributed in administrative districts such as Nanshan, Luohu, Longgang, Longhua, and Pingshan in Shenzhen.