Guangdong on Monday launched a provincial strategic emerging industries investment guidance fund with a total planned size of 100 billion yuan, according to local authorities.

The fund's first-phase registered capital will total 50 billion yuan, making it Guangdong's first provincial-level government investment fund operating under a perpetual corporate structure.

Approved by the provincial government, the fund will follow a "guidance fund–parent fund–sub-fund" structure and focus on early-stage, small-scale, long-term and hard-tech investments, authorities said at a launch ceremony in Guangzhou.

Officials said the fund is intended to attract additional capital from national-level funds, state-owned enterprises, financial institutions, industrial capital and private investment firms, with the goal of building a trillion-yuan industrial investment fund cluster.

The initiative comes as Chinese local governments increasingly use state-guided funds to support strategic emerging industries and advanced manufacturing development.