# Anhui High-tech

The Evolution of the 'Hefei Model': How Anhui’s $25 Billion State Fund is Rewriting the Playbook for Industrial Investment

Anhui High-tech has transformed from a traditional state-owned investor into a sophisticated $25 billion ecosystem organizer, driving Anhui province's emergence as a global hub for semiconductors, EVs, and AI. By balancing state industrial goals with market-disciplined GP partnerships, the firm is successfully scaling the 'Hefei Model' to address future frontiers like quantum computing.