Tongshang Fund

Ningbo Tongshang Holding Group Co., Ltd. is a state-owned capital investment and operation company, managing public assets and strategically investing in emerging industries. It establishes investment funds, pooling state and social capital, deploying into key sectors like digital technology, artificial intelligence, and new energy vehicles, fostering industrial advancement for Ningbo.

Launched late 2019 by the Ningbo Municipal Government, with its State-owned Assets Supervision and Administration Commission as capital contributor, the group evolved from a 2002 predecessor. Renamed June 2023, it solidified its mandate as a comprehensive municipal-level platform, integrating state-owned capital operations with industrial development.

Its investments primarily serve Ningbo's strategic industrial development, channeling capital into aligned ventures and mobilizing social capital via its funds. Ningbo Tongshang Holding Group aims to be a premier state-owned capital investment firm, committed to fostering economic innovation, maximizing state asset value, and leading strategic emerging industries.