[China Merchants Securities: A wholly-owned subsidiary plans to initiate the establishment of a 5 billion yuan artificial intelligence industry private equity fund] On October 29, China Merchants Securities (600999.SH) announced that the company’s wholly-owned subsidiary China Merchants Zhiyuan Capital plans to subscribe for a capital contribution of 1 billion yuan. As a general partner and fund manager, he jointly initiated the establishment of China Merchants (Shenzhen) Artificial Intelligence Industry Private Equity Investment Fund Partnership (Limited Partnership) with related parties China Merchants Highway, China Merchants Advanced and third-party Guangmingke Investment, with a total fund size of 5 billion yuan. The fund focuses on investing in computing power and power industry chains, embodied intelligence industry chains, AI end-side applications, industry vertical models, AIAgent and other fields.