The Guangdong–Macao In-Depth Cooperation Zone in Hengqin has formally approved a significant expansion of its Industrial Investment Guidance Fund, increasing its total committed capital from RMB 10 billion to RMB 30 billion. Ratified by the Zone's Executive Committee, this adjustment reflects sustained efforts to align financial support with the evolving needs of enterprises and industrial development within the Cooperation Zone.

Since its establishment in August 2023, the guidance fund has adhered to its founding mission of supporting industrial growth and facilitating Macao's economic diversification, with an operational framework designed to balance market principles and policy objectives.

As of December 2025, the fund had entered into commitments with 34 sub-funds and 24 strategic direct investments. Among these, three direct investment projects — including iFlytek Healthcare — have achieved successful public exits, underscoring both market relevance and execution capacity. Overall performance metrics have been above industry benchmarks, with an annualized return of 7.89 percent and a DPI (Distributions to Paid-In Capital) of 4.28. These results contributed to the fund's inclusion in the “China Top 30 Best Venture Capital Guidance Funds” and “China Top 30 Best Private Equity Guidance Funds”.

The guidance fund has played a catalytic role in the Cooperation Zone's industrial layout. It has helped attract and anchor a range of well-known enterprises and innovation-driven ventures. Among the corporate names associated with the zone's ecosystem are GigaDevice Semiconductor (兆易创新), Sungrow Power Supply (阳光电源), Dreame Technology (追觅科技), and iQIYI’s Happy Mahua (开心麻花), spanning advanced manufacturing, clean energy, consumer technology and cultural industries. It has also supported a diverse set of emerging technology companies such as Raysharp Microelectronics (锐睛微), Excellent Vision (极佳视界), SioTeq (思傲拓), Genki Mart (元气玛特), and Ladi Chemical (乐谛化学).

By the end of 2025, the expanded fund had supported the settlement of 151 enterprises in Hengqin, with registered capital totaling approximately RMB 73.58 billion, and had seen 40 of these enterprises enter substantive operation. Among them, 13 reached statistical reporting thresholds by November, collectively contributing over RMB 4.39 billion in tax revenues, with 24 enterprises each generating annual tax contributions exceeding RMB 1 million.

Beyond capital deployment, the guidance fund has institutionalized enterprise support mechanisms: it has established dedicated service teams for bespoke “one-on-one” engagement, addressing operational bottlenecks such as talent recruitment and financing coordination, and has mobilized partnerships with leading banks and investment forums to host financing-themed events. It has also taken steps to address industrial space needs, for example by acquiring quality industrial parks and raising occupancy rates through active asset management.

In line with a broader strategy of reinforcing Macao-Hengqin connectivity, the guidance fund has prioritized participation by Macao-based enterprises, having invested in four such firms, including Extreme Vision (极视角), True Health (真健康), Nakin Technologies (纳金科技), and Dichy Biotech (迪奇生物). Efforts to foster cross-border collaboration have extended to co-organizing dual-venue events such as the “Hengqin-Macao Venture Summit” and Macau International Comedy Festival, as well as supporting strategic cooperation between cloud intelligence companies and Macao partners.

The expanded guidance fund now serves both as a financial instrument and as an operational anchor for the Cooperation Zone's developmental ambitions, contributing capital, institutional support, and network-building capacity to enterprises at different stages of growth. As Hengqin continues to refine its investment framework, the enlarged fund aims to provide deeper, longer-term support for industrial activities that are central to the zone's integrated vision.