1, the provincial government invested to set up a guiding fund, and then attracted funds from financial institutions to jointly set up an industrial fund parent fund.

2. Limited partnership funds are initiated and established by financial institutions in conjunction with local state-owned enterprises. General financial institutions take LP first, local state-owned enterprises or platform companies take LP second level, and equity investment managers designated by financial institutions take GP.

3. Industrial capital with the ability to build and operate initiates the establishment of industrial investment funds, and generally has the qualification and ability to build and operate. After reaching a framework agreement with the government, a limited partnership fund will be established through financial institutions such as United Bank to connect projects.

Refer to Rongtou.com, China.