On June 25, the opening ceremony of the Dongguan Songshan Lake Tech-Finance Park was held at the park's Financial Plaza. The event featured a series of milestones, including the launch of eight major cooperation platforms, the signing of agreements with more than 30 institutions, and the unveiling of a 100-billion-yuan fund cluster. These developments mark a significant step in strengthening the integration of technology, industry, and finance, providing fresh momentum for Dongguan's transformation into a hub for scientific innovation and advanced manufacturing.
Municipal and provincial officials, park representatives, financial institutions, technology enterprises, industry experts, and media representatives attended the ceremony, witnessing the launch of a new landmark for tech-finance development in the Guangdong-Hong Kong-Macao Greater Bay Area.
A key highlight was the inauguration of eight cooperation platforms, covering IPO advisory services, cross-border finance, technology insurance, and think tank support. These platforms form the foundation of the park's tech-finance ecosystem.
During the institutional signing session, more than 30 organizations signed agreements in three batches. The signatories, who include licensed financial institutions, venture capital funds, professional service providers, and industry associations, will help build a comprehensive tech-finance service network.
A major highlight was the launch of the 100-billion-yuan fund cluster. Songshan Lake has established a dual-engine fund system consisting of a 10-billion-yuan industrial master fund and a 1-billion-yuan venture capital master fund. This system is integrated with Dongguan's 200-billion-yuan high-quality development fund system, with the goal of attracting social capital and creating a comprehensive investment ecosystem spanning seed funding, angel investments, venture capital, private equity, and mergers and acquisitions. The master fund offers competitive terms, including a maximum capital contribution ratio of 70%, up to 50% of excess returns allocated to partner institutions. Additionally, the fund terms can extend up to 15 years.
The park has completed the renovation of nearly 40,000 square meters of office space in its core area. It has introduced a comprehensive support package covering settlement incentives, risk compensation, and interest subsidies. It has also pioneered an automatic policy benefit distribution mechanism, under which applications are not required with a tripartite risk-sharing model. In the future, the park will host a series of industry-finance matchmaking events to accelerate its development into a world-class tech-finance hub in the Greater Bay Area.
Author | Li Jingru
Photo | Nanfang Plus
