Huzhou Science and Technology Development Group

The group is ultimately controlled by the Huzhou SASAC, the municipal state-owned assets supervision and administration commission. Its direct parent is Huzhou Industrial Investment and Development Group Co., Ltd., which provides capital and strategic direction. This two-tier structure is characteristic of municipal investment platforms in China, where the SASAC exercises ultimate ownership while operational entities manage day-to-day allocation and development.

It operates as both. The group develops large-scale industrial parks — such as Husong High-end Equipment Industrial Park and Meishan New Energy Industry Base — while also making venture fund commitments. It has co-invested alongside Jinzhi Technology in the Huzhou Zhichuang Fusion Venture Capital Fund, targeting growth-stage technology companies. This hybrid posture allows the group to attract tenants into its physical assets while capturing equity upside.

The group's activities concentrate on advanced manufacturing, high-end equipment, and new-energy infrastructure. The Meishan New Energy Industry Base signals a commitment to renewable energy manufacturing supply chains. Husong High-end Equipment Industrial Park targets precision and heavy manufacturing tenants. The Zhichuang Fusion Venture Capital Fund, co-invested with Jinzhi Technology, extends the group's reach into growth-stage technology ventures aligned with these industrial sectors.

Jinzhi Technology (002090.SZ) is a co-investor alongside Huzhou Science and Technology Development Group in the Huzhou Zhichuang Fusion Venture Capital Fund. The precise nature of the partnership — whether Jinzhi acts as a GP, an LP, or a strategic anchor — is not publicly disclosed. The collaboration reflects the group's pattern of partnering with listed industrial companies to deploy venture capital alongside physical infrastructure development.