Shanghai State-Owned Capital Investment Co., Ltd.

Shanghai State-Owned Capital Investment Co., Ltd. (上海国投) is a major state-owned capital investment platform in Shanghai's government-guided fund ecosystem. As described in a 2025 暗涌Waves analysis, it underwent a significant restructuring in early 2024 when the Shanghai State-owned Assets Supervision and Administration Commission announced its merger with Shanghai Science and Technology Innovation Group (上海科创) to address overlapping functions and fragmented resources across the local state-owned fund landscape . Post-merger, Shanghai State-Owned Capital Investment manages over RMB 140 billion in assets and RMB 170 billion in fund management scale, placing it among the top local state-owned platforms nationally. Its role focuses on strategic shareholding and capital operations, coordinating母 funds and industrial investment, while Shanghai Science and Technology Innovation operates as a second-tier subsidiary concentrating on early-stage venture capital and strategic emerging industry cultivation . The restructuring was viewed as a pilot implementation ahead of the State Council's 2025 "Document No. 1" guidance on government investment fund consolidation .