On July 30th, the unveiling ceremony of Hongqiao Fund Town was held in Minhang District, Shanghai. The town will focus on gathering outstanding venture capital institutions with rich management experience and strong financial strength, forming a financial ecological zone and a cluster effect of venture capital companies, aiming at creating a capital gathering area and a service venture capital cluster in China. ? It is reported that the first batch of intentional fund companies have successfully signed contracts, with a fund scale exceeding 50 billion, and Shanghai will usher in the first "fund town".