[Shanghai: Guide long-term capital such as social security funds, insurance funds, and financial asset investment companies to participate in the full lifecycle development of tech enterprises] Golden Finance reports that on June 2, the General Office of the Shanghai Municipal People's Government issued a notice on the publication of the 'Several Opinions on Deepening the Construction of Shanghai as a Global Asset Management Center.' The notice emphasizes promoting asset management to empower technological innovation. Asset management institutions are encouraged to support the development of new productive forces and to leverage the guiding role of state-owned capital and government investment funds. Long-term capital, such as social security funds, insurance funds, and financial asset investment companies, is to be guided to participate in the full lifecycle development of tech enterprises. Focusing on cutting-edge disruptive technological innovation and the cultivation of future industries, asset management institutions are encouraged to increase investment in technological innovation. Support is provided for the aggregation of industrial venture capital funds (CVC funds), private equity secondary market funds (S funds), and merger and acquisition funds, along with facilitating services for fund establishment.