New Pattern of Tech-driven Financial Development, a sub-forum of Inclusion Fintech Forum hosted by the Huangpu District People's Government, Ant Group, Alipay, the Shanghai Finance Institute and the Shanghai Financial Association, took place at the Shanghai Expo Park in Huangpu on September 24. At the forum, relevant departments, including the Huang Finance Office, signed a strategic agreement with Shanghai Fintech Equity Investment Fund (limited partnership), marking the settlement of Shanghai Fintech Fund being prepared by the company.

Initiated by GP Capital and SIG Asset Management Co., Ltd. (SIGAM), with an initial scale of 5 billion yuan, Shanghai Fintech Equity Investment Fund (limited partnership) is the first flagship fund in the company's three-stage development strategy. It echoes the national fintech development strategy, focuses on finance + technology + industry, pays attention to new fintech technologies based on AI, blockchain, cloud computing, big data and IoT, as well as new industry-empowering fintech business, and promotes the building of Shanghai Fintech Center and national economic transformation.