It is a state-owned enterprise. Shanghai Shuangchuang Investment Center is the first equity investment parent fund initiated by local government in China. The establishment of state-owned enterprises focusing on strategic emerging industries encouraged by the state, which was deliberated and approved by the executive meeting of the Shanghai Municipal Government, is one of the important measures for Shanghai to build a globally influential science and technology innovation center. With its strong resource advantages, Shanghai Shuangchuang strives to build Hongqiao Fund Town into a top innovative financial gathering core area in China and a world-class fund town.