Anhui Sanzhong Yichuang Industrial Development Fund

Anhui Sanzhong Yichuang Industrial Development Fund is a Chinese state-backed investment fund that co-invested in the commercial satellite company GalaxySpace's 2022 funding round at a roughly RMB 11 billion post-money valuation, alongside lead investor CCB International, Hefei Industrial Investment, and Zhenwei Fund . The fund's name references Anhui province's "三重一创" (Three Heavyweights and One Innovation) industrial policy framework, which targets strategic emerging sectors—here deployed into satellite internet infrastructure, with GalaxySpace described at the time as China's first unicorn in commercial aerospace and satellite internet . elsewhere's corpus does not cover the fund's AUM, vintage, or other portfolio companies beyond this single disclosed deal.