On March 24, Hubei's first AIC equity investment fund actively managed by a local institution, Hubei Changjiang Qianfan Qihang Equity Investment Fund Partnership (hereinafter referred to as Changjiang Qianfan Qihang Fund), completed its industrial and commercial registration, with a total fund size of 10 billion yuan. This is the first batch of funds to be implemented after the comprehensive expansion of the AIC equity investment pilot, marking that Hubei has seized the opportunity for innovation in the new round of financial reform. AIC (Asset Investment Company) is a financial asset investment company, which is a non-bank financial institution mainly engaged in bank debt-to-equity conversion and supporting business.