Government

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Xiamen Industrial Guidance Fund

Xiamen Industrial Guidance Fund is a fund-of-funds backed by the Xiamen city government. It has made two investments, including a Series A investment in UMU on...

Xiamen Industrial Guidance Fund logo

Xiamen Industrial Guidance Fund

Xiamen Industrial Guidance Fund is a fund-of-funds backed by the Xiamen city government. It has made two investments, including a Series A investment in UMU on January 1, 2019.

General information

Firm type

Government / Public Body

Location

Region

Asia

Country

China

City

Xiamen

Corporate office

Xiamen, Fujian, China

Principals

Xiamen Finance Bureau

Founder and ultimate owner

Xiamen Jinyuan Investment Group

Management entity overseer

Sector focus

Enterprise SoftwareAI/MLIndustrial TechEnergy Transition & RenewablesMobility & Transportation

Frequently asked questions

Who ultimately controls the Xiamen Industrial Guidance Fund?

The Xiamen Finance Bureau is the founder and ultimate owner of the fund. Management oversight is delegated to the Xiamen Jinyuan Investment Group, the municipal financial holding company that executes the city's industrial investment mandates under policy guidance from the bureau.

Is the Xiamen Industrial Guidance Fund a pure LP or an active co-investor?

It acts as both. The fund engages GP partners like SAIF Partners — which built a dedicated Xiamen management team to cooperate with the fund — and also co-invests alongside its own district-level sub-funds. This hybrid posture makes it a hands-on strategic partner rather than a passive limited partner.

What is the relationship between the municipal fund and district-level guidance funds?

The Jimei District Industrial Guidance Fund and Siming District Industry Guidance Fund operate as co-investors or sub-funds beneath the municipal parent. This layered structure allows the municipal fund to steer capital into hyperlocal economic development projects while maintaining a unified industrial policy direction.

Which sectors does the fund explicitly target?

Sector focus aligns with Xiamen's economic development priorities: enterprise software, AI/ML, industrial technology, new energy and energy transition, and smart mobility. The fund uses these targets to build integrated supply chains around the city's key industrial parks and research institutions.

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