On the 28th, China's first national large-scale RMB parent fund, with a total scale of 60 billion yuan, officially settled in Suzhou Industrial Park. According to industry insiders, this 60 billion parent fund will promote the innovative economic development of Suzhou and even the whole province. Parent fund, that is, a fund that specializes in investing in private equity funds or venture capital funds, is also called "fund in fund". At present, in developed countries such as Europe and America, equity investment funds have already become one of the three pillars of the financial industry, alongside banks and insurance. More than 20% of the funds of equity investment funds come from parent funds.